The Wall Street Journal is reporting that Euro Disney SCA has secured permission from the French government to expand its operations. The plans for an expansion of approximately 13% in area to 5,508 acres and are expected to include a third theme park (in addition to Disneyland Paris and Walt Disney Studios) as well as a housing complex and a ‘vacation village’ currently referred to as Les Villages Nature de Val d’Europe.
The Walt Disney Company has an approximately 40% stake in Euro Disney SCA, the parent company of the Disneyland Paris Resort.