Tokyo Disney to Acquire Additional Land for Possible Expansion

With the intent of its use to be determined at a later date, the Oriental Land Company (OLC)  announced its plans to acquire approximately 5.8 acres of neighboring land from the Dai-ichi Life Insurance Company at an approximate cost of $89 million US. The land is the former site of the Tokyo Bay NK Hall and contains ‘ancillary facilities’ according to the notice. Dai-ichi Life Insurance Company is a major shareholder of OLC and corporate sponsor of the Tokyo Disney Resort.

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