A FAVORABLE PROGNOSIS Euro Disney had many things going for it, despite the disastrous early results. In May 1994, a station on the high-speed rail running from southern to northern France opened within distance of Euro Disney. This helped fill many of the hotel rooms too ambitiously built. Summer 1994, the 50th anniversary o the brought many people to France. Another favorable sign for Euro Disney was the English Channel tunnel's opening in 1994 which potentially could bring a flood of British tourists. Furthermore, the recession in Europe was bound to end, and with should come renewed interest in travel. As real estate prices became more favorable, hotels could be sold and real estate development around the park Even as Disney Chairman Michael Eisner threatened to close the park unless lenders restructured the debt, Disney increased its French presence, opening a Disney store on the Champs Elysee's. The likelihood of a Disney pullout seemed remote, despite the posturing of Eisner, since royalty fees could be a sizable source of revenues even if the park only broke even after servicing its debt. With only a 3.5 percent increase in revenues in 1995 and a 5 percent increase in 1996, these could yield $46 million in royalties for the parent company. "You can't ask, 'What does Euro Disney mean in 1995? You have to ask, 'What does it mean in 1998?