New Theme Park Proposed in Disneyland's Shadow
Thursday December 7, 2006
If a bold plan moves forward, there will be a $4-billion (yes, that's billion with a "b") theme park coming to Garden Grove, California. According to the Los Angeles Times, a Korean-based firm is proposing to invest $4 billion in a state-of-the-art theme park and three hotels on a site that is about 3 miles from Disneyland. But wait, there's more! The investors envision a full-scale destination resort and plan to pony up another $4 billion for an adjacent retail and entertainment center. The details are sketchy, but a Garden Grove official says that the city would like to see a cutting-edge park like Universal Orlando's Islands of Adventure. The Korean company has contacted MGM Studios as a possible creative partner for the project. There haven't been many new theme parks under development in North America recently, and certainly nothing of this magnitude.


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