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!
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What do you think of Disney’s decision to purchase more land? Tell us your thoughts in the comments below.
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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 !!