While The Walt Disney Company has had to make several costly moves lately including closing down its parks until further notice and delaying movie premieres, it seems they’re also thinking ahead.
Cinderella Castle
First reported by Orlando Business Journal, the company has just closed a deal to acquire more land near Walt Disney World Resort.
On March 31st, an entity with ties to The Walt Disney Company bought 26.3 acres for $1.05 million, or roughly $39,923 an acre. The land purchased from Lake Reedy Development Group LLC by Celebration Co. and is located to the west of Magic Kingdom, near the southeastern shore of Reedy Lake.
Disney Purchases 26.3 acres Near Magic Kingdom Source: Orlando Business Journal
Just last December we reported to you Compass Rose Corp., a subsidiary of Disney, purchased 235 acres of land from Lake Reedy LLC. This land is situated northwest of the Oak Trail Golf Course.
Cinderella Castle Refurb
While it’s unclear if Disney is really considering expansion projects right now, especially since all construction has been delayed, they could be securing additional land to have as a physical asset moving forward. That way, Disney could use the land for conservation to “buffer” the property or grow Walt Disney World Resort further on down the road.
Magic Kingdom
Disney already has numerous projects in the works such as the Epcot transformation including Space 220 Restaurant, Remy’s Ratatouille Adventure, and Guardians of the Galaxy: Cosmic Rewind along with TRON: Lightcycle Run and the Star Wars: Galactic Starcruiser hotel. So Disney World already has a bit on its plate in terms of projects and construction.
Galactic Starcruiser Construction
We’ll continue to follow this story and update you with anything we hear!
In the meantime, you can check in on how Cinderella Castle’s refurb was going last time we saw it here!
Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!
Don't Miss Out on Any Disney Fun!
Order Your Copy of the 2022 DFB Guide to Walt Disney World Dining Today!
With more than 750 pages, the 2022 DFB Guide to Walt Disney World Dining is full of tips and planning tools developed by Disney World experts over 30+ years of visits. We've done the research for you, so you'll know just which spots will uniquely suit your family's needs!
With mini-reviews of every single restaurant, bar, lounge, kiosk and more; an entire chapter on the best snacks in Disney World; full Disney Dining Plan analysis (and how to get FREE dining); and a full chapter on discounts and deals; you'll have everything you need to plan your best vacation yet.
Click here to order your copy of the 2022 DFB Guide to Walt Disney World Dining E-book with code WDW2022 to save 25% off the cover price today!
Use code WDW2022 at check-out for 25% off the cover price today!
Our guides are backed by a 100% money-back guarantee, so you have nothing to lose. 🙂
What do you think of Disney’s decision to purchase more land? Tell us your thoughts in the comments below.
TRENDING NOW
Check out some of the new Loungefly Disney bags you can get online!
A change has been announced for the Genie+ system at Disneyland.
Worried about overpacking for your Disney trip? Here are the things you can technically survive...
Whether it's expensive cost, distance from the parks, or potential ghosts (?!), these are the...
Here's what it's like in Disney World following a hurricane.
Here's what you should NEVER do at a Disney World hotel!
It's time to take a look at our 2022 EPCOT International Food and Wine Festival...
These are the most popular items on Amazon our readers were buying last month!
A NEW holiday offering is coming to Disney Springs this holiday season!
Check out the Dooney & Bourke holiday collection you can get online!
We're here with the TOP restaurants from Disney Springs! Find out where you'll find the...
We've found 5 Target mugs that you need for PSL season!
An EPCOT restaurant was EVACUATED today. See more details here.
Disney World's Park Pass Reservation system is CHANGING. Find out more here.
Here's when Disney's 100th Anniversary celebration begins!
We're sharing everything you need to know about Disney World in October!
NEW holiday Loungefly merchandise has dropped online!
Check out the scary milkshake Disneyland Resort just got.
A multi-million dollar lawsuit has changed the Magic Key Pass system. Here's what you need...
Next month we'll finally be getting some new EPCOT transformation updates at the IAAPA Expo!
Our handy (and portable!) ebook guides make sure you get the best deals and can plan a vacation of a lifetime.
Subscribe via RSS
Subscribe via email
You go Disney, Grow, grow, grow for if you build it, they will come…
I wish they would consider a 3rd US locations ..maybe in Texas for a new park to ease crowding at both US locations. We love both and had trips planned to WDW in May and Disney land in August. I’m wondering now if either will happen.
I Wish Disney would consider Building a Theme Park for us Here in The UK.
Seems like I heard that the Virgin Trains is building a High Speed Rail that eventually will go from Miami to Tampa with stops in Cocoa and Orlando International. The rumor was that there may be a spur off that line that terminates at WDW so maybe this is train station land
Hello Disney Corporation!
I’m Mike and deaf person , I wish they must built new Disney theme park in Texas in Houston very Popular place like crazy Texan , BBQ, NASA, Rodeo and Whataburger and more new Star Wars at Disney land in Houston !! I love scary at Haunted mansion in Texas !! Please not in San Antonio or Dallas no way !!! Former Astroworld and Houston Oilers so they need destory old Astrodome on Fannin street in houston !!! Good luck in future !!