Paramount may build theme park in Osaka
Paramount has been talking with the Osaka city government about turning the old abandoned Expoland amusement park (shown on the map above) into a theme park that would rival the city’s other Hollywood studio-owned theme park:
A Japanese Paramount Pictures park would join Disneyland and Universal Studio resorts in the world’s second-largest economy. Attendance at Tokyo’s two Disney parks, operated under license by Oriental Land Co., is forecast to reach a record 26.5 million this year, even as the economy enters a recession and households pare spending.
Paramount Pictures approached the Osaka government about redeveloping the 20-hectare Expoland site in August, the Daily Yomiuri newspaper reported today. The operator of Expoland has filed for bankruptcy protection, the report said.
Apparently Paramount had a similar plan to build a theme park in Fukuoka a few years ago, but the plan was ultimately given up because the estimated cost of building it was too high.
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