Disney to spend $1.4bn on California park
By Victoria Bartle
NEW YORK - Walt Disney Co is planning to spend US $1.1 billion (NZ$1.4bn) over five years to overhaul its California Adventure theme park, the Wall Street Journal has reported.
According to the Journal, which cited people familiar with Disney's plan, the company's board has recently approved the investment in the California-themed park located near the famed Disneyland park.
Disney is hoping to boost attendance at California Adventure by making it more like Disneyland, with more references to company founder Walt Disney, the paper said.
The new-look park will also be expanded by about 12 acres and will include attractions associated with animated Pixar movies such as Cars and Toy Story, the Journal reported.
A Disney official was not immediately available to comment.