Source: https://www.merlinentertainments.biz/newsroom/news-releases/2020/LEGOLAND-Shanghai-cooperation-agreementMerlin Entertainments today announces that it has entered into a formal co-operation agreement with the Shanghai Jinshan District Government, CMC Inc. and KIRKBI to develop a LEGOLAND Resort in the Jinshan District of Shanghai, China. This follows the signing of a framework agreement in November 2019, announced as part of the China International Import Expo.
Under the terms of the agreement, all parties will form a joint venture company and contribute funding to the construction and development of LEGOLAND® Shanghai. The total project investment is expected to be approximately $550 million. Construction of the project is planned to start next year, and the Resort is expected to open in 2024.