Despite Closure Disney Buys More Land Near Magic Kingdom in Florida
According to Spectrum News 13, The Walt Disney Company has just purchased more land near the Magic Kingdom in Florida. This is for a total of 26.3 acres of land located just west of the theme parks next to Reedy Lake. The purchase was made by Celebration Company which is a subsidiary of Disney.
The land was purchased from Lake Reedy Development Group, LLC. This is the same company that Disney recently purchased 235 acres of land from last December. Both lots sit just Northwest of Disney’s Magnolia Golf Course.
As of going to print, Disney has yet to say what they are going to do with the land. According to a recent piece in the Orlando Business Journal, they were quick to point out, “Disney’s real estate deals can be for various reasons, including freeing up conserved land at its current resort or gathering what it can for future growth plans.”
According to a recent piece in SlashFilm, this marks a continued trend of Disney buying more and more land near the existing Florida parks. The company has purchased nearly 3,000 acres since 2018. This could be a preventative measure, with the intent of re-selling or of expanding Walt Disney World Resort.
However, with the theme parks currently shuttered during the COVID-19 outbreak, we are unlikely to know whether this means a future Disney project until the theme parks re-open.
This is however as a story we’ll be following closely so readers are encouraged to keep following along with MickeyBlog.
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