Parks and Resorts Worldwide Walt Disney Parks and Resorts Worldwide, Inc. was incorporated on September 29, 2008, and took over the parks and resorts business segment. Disney Parks and Resorts reorganized in early 2009 which included layoffs in all units due to recession-induced falling attendance. 600 U.S. managers in January were buyout packages. Worldwide Operations was formed under President Al Weiss in 2009. Worldwide Operations would take over various back-office functions previously performed by both Disney World and Disneyland including training, procurement, menu planning, and merchandise development. While its Walt Disney Imagineering subsidiary combined its three development units. In November 2009, Disney received approval from the Chinese government to build a Disneyland resort in Shanghai's Pudong district. The resort opened on June 16, 2016. California Adventure completed its overhaul in 2012 adding two new lands: Cars Land and Buena Vista Street. The overhaul also included a re-themed of several attractions plus a pair of classic dark rides. In July 2017, it was announced that Paradise Pier land would be replaced by Pixar Pier, with four neighborhoods, and the remainder not in Pixar Pier would be replaced by Paradise Park. Pixar Pier opened on June 23, 2018. Star Wars: Galaxy's Edge, a themed land for both Disneyland and Disney's Hollywood Studios announced at the D23 Expo on August 15, 2015. Construction began at both locations on April 14, 2016. The lands at both parks opened in 2019. The New Fantasyland at Magic Kingdom opened on December 6, 2012. It is the biggest upgrade to the theme park since its opening in 1971. Announced along with its new Star Wars Land expansion at the D23 Expo on August 15, 2015, Hollywood Studios was slated to have a version of Toy Story Land. Holz became president of New Vacation Operations of Parks & Resorts reporting to Al Weiss, president of worldwide operations for Walt Disney Parks and Resorts. by April 2008. In February 2009, Holz returned to the presidency of Disney Cruise Line in addition to his continuing as head of New Vacation Operations, which was primarily Adventures by Disney. As an extension of the "One Disney" initiative and the resignation of Weiss, Disney Vacation Club was added to New Vacation Operations. While Holz and Meg Crofton joined Disney Parks and Resorts executive committee in July 2011. At that time, Crofton was transferred from Disney World president to president of operations in the