A rare ray of sunshine appeared this week for Disneyland Paris, which has spent most of the last twenty years unable to finance expansion because of a domino effect of economic badness. The resort’s second gate, the Walt Disney Studios park, bears the unhappy distinction of being officially The Worst Disney Park In The World, but its attempts to improve itself have been hindered by a lack of sufficient funds.
Happy news, then, that the resort has secured a revolving line of credit from the Walt Disney Company in the amount of €150 million. This is in addition to an existing and yet-untapped credit line of €100 million, making it no coincidence that Euro Disney S.C.A. simultaneously gained permission from its existing lenders to make new investments in the amount of €250 million (currently around $317 million).
This new cash infusion is allegedly earmarked for a new ride based on the film Ratatouille, which has been long planned and for which permits were approved last year. Whether or not Disney has more tricks up its sleeve for this non-insignificant amount is unknown; aside from the Studio park, it’s been a very long time since Disneyland Paris itself has received meaningful new investment. At the very least, the resort is getting something new, and that’s great news.