Disney Buys Land Near Its Golf Courses
It is being reported online that Disney has purchased more land near its golf courses. Approximately 235 acres to be exact. The Walt Disney Company’s Compass Rose Corp. purchased land surrounding Reedy Lake, on the northwest edge of the resort property.
Jack Witthaus and Richard Bilbao from the Orlando Business Journal are reporting this latest acquisition was for a total of $6 million or $25,321 per acre.
The land that sits across from Disney’s Palm, Magnolia, and Oak Trail golf courses was previously purchased for $1.3 million in 2015.
Although we do not know what this land was purchased for its speculation that it may be used as a barrier to keep other businesses from building to close to the property.
Keep up with MickeyBlog as more develops on this story.
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