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New deal in place at Disneyland Paris

Leah Zanolla | Posted: Sep 15, 2010 | Updated: Oct 19, 2014 - 9:25:27 AM
Euro Disney SCA, the company that owns and operates Disneyland Paris, is continuing to move forward in its plans to add a third theme park. An agreement was signed yesterday allowing the resort to expand its operations and the perimeter of the parks. Under the old agreement between The Walt Disney Company and the French government, a third park had to be started by 2017; that has now been extended to 2030, giving the company more time to finalize plans and decide how to best use the land. One thing that this agreement shows is that a third park has been in the plans for awhile, even though it may not come to life very soon.

The amended agreement will also allow Euro Disney to become part of a new vacation project called, "Les Villages Nature de Val d'Europe". This project is dependent on the economy and would be opened in sections over the next 20 years.

The Walt Disney Company owns 40% of Euro Disney SCA.