Jan 6, 2011

#BDS: Disney invests in Haifa entertainment complex

"The city of Haifa is already on the tourist map of Israel, but now it's likely to get an even bigger chunk of the market with its new Disney-style theme park.
The Walt Disney Company investment arm Shamrock Holdings and the Israeli New Lineo cinema chain have announced plans to build a $168 million amusement park and a multiplex movie center in the port city.
The entertainment complex is said to open in 2013. It will include a 30,000 square meter amusement park and a 50,000 square meter compound with shops, 25 movie houses, and four theater auditoriums.
"The project, which is still in its development stages, reflects our goal of providing quality entertainment for the people of Israel," Avi Edery, Deputy CEO of New Lineo Cinema, told a news conference."
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