October 6, 2014
The Walt Disney Company found it necessary to refinance Disneyland Paris for the second time in three years, this time with a $1.25 billion payment. The park opened in 1992 and is said to be a tourist destination, but has been struggling in the European economic crisis. Attendance is expected to drop significantly this year, and hotel bookings are down to 75 percent occupancy. Walt Disney owns 40 percent of Euro Disney.