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by Michael C. Lowe | April 13, 2011

Ground has been broken on the Walt Disney Co.'s first resort in mainland China, the 963-acre Shanghai Disney Resort. The property, a joint venture between Disney and Shanghai Shendi Group, will include the Shanghai Disney park, two themed hotels, a retail and entertainment district, recreational facilities, a lake, parking areas and transportation hubs. The project's initial investment is $3.7 billion for the theme park, with an additional $700 million allotted to the other aspects of the resort. Much like Disney's Magic Kingdom, Shanghai Disney will feature themed lands, an interactive Disney castle and a multitude of attractions. Unlike its counterpart, however, the park will include an 11-acre green space to reinforce themes of sustainability and nature.