The first glimpse of Shanghai Disneyland, the centerpiece of Shanghai Disney Resort, was unveiled earlier today during the company’s annual meeting: 

Walt Disney Company CEO Robert Iger showed off a model of the new theme park centered on the Enchanted Storybook Castle. Under development since 2005, Shanghai Disney reportedly will be three times the size of Disney’s Hong Kong resort. The 963-acre facility will feature the theme park, a 46,000-square-meter retail area, dining and entertainment, two hotels, a lake, recreational facilities, transit hubs and parking. It was also revealed during the meeting that, as part of Disney’s environmental commitment, the facility’s vehicles will run on cooking oil.  “With Shanghai Disneyland, we’re creating a one-of-a-kind destination that is authentically Disney and distinctly Chinese,” said Iger in a statement. “We believe this will be one of the most spectacular Disney experiences yet – and an important part of our future”. The Shanghai Disney Resort is expected to open by the end of 2015.

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