BREAKING: Disney Purchases Additional 26.3 Acres of Land West of Magic Kingdom at Walt Disney World Resort

Despite unprecedented parks closures due to COVID-19 and even recent salary cuts for executives, it seems Disney is always looking to expand, and now it’s purchased even more acres of land just west of the Magic Kingdom.

According to the Orlando Business Journal:

“An entity related to Burbank, California-based The Walt Disney Co. has scooped up more land near Magic Kingdom.

On March 31, Celebration Co. bought 26.3 acres for $1.05 million, or roughly $39,923 an acre, west of its theme park and on the southeastern shore of Reedy Lake, Orange County records showed. Winter Garden-based Lake Reedy Development Group LLC was the seller.”

Just last December, Disney purchased an adjacent 235 acres for $6 million. Land purchases such as these are typically related to future developments. Despite current financial setbacks for the company, land is still a finite commodity that can hold its value over the years. Whether this area will be used for a future expansion, resort, or simply additional landscaping to further the secluded ambiance of Walt Disney World Resort is unknown. The land’s proximity to Reedy Lake has also been attributed to a potential upscale, exclusive getaway on the edge of Disney property, but nothing is confirmed yet.

Disney has not made any official statements regarding the land purchase.

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Nancy M
Nancy M
1 year ago

Oh please Mickey, for the love of Minnie, let it be a 5th gate!!!! Plullleeeaassseee!!

Tom
Tom
1 year ago

Scoop as much up as they can

Jason K
Jason K
1 year ago

What could it be?

Bizzy
Bizzy
1 year ago

Keep in mind that Florida requires a certain percentage of owned land be left undeveloped. So the purchased land might not be developed, but used to offset development elsewhere on property.

Frank W
Frank W
1 year ago
Reply to  Bizzy

That is the most likely reason for the purchase. Look for development else where on property.

Tristan Brock
Tristan Brock
1 year ago

This isn’t an April fools joke is it?

Mandy, yes, that one
Mandy, yes, that one
1 year ago

The marathoner in me wishes it was 26.2 acres.

Rachael Humphrey
Rachael Humphrey
1 year ago

Hope this isn’t an April Fools!

Timothy
1 year ago

Are they demolishing it

Chris
Chris
1 year ago

Wow what a surprise Disney is expanding do you think it’s for a New park!

Christina
Christina
1 year ago

This seems like a really good sign for the future of the company, despite so much lost revenue!

Steve B
Steve B
1 year ago

On Google Maps, one can see some sort of development west and southwest of this area, adjacent to 429. Going to Streetview, that same area looks undeveloped. Does anyone know what this development is? I thought it might be a solar farm.

Hbapt
Hbapt
1 year ago
Reply to  Steve B

I drove 429 daily, before covid, there are solar panels in a field on the east side of 429.