The coronavirus pandemic has closed Disney’s theme parks and put a halt to construction, but it hasn’t completely stopped the expansion of Walt Disney World, which recently purchased additional land not far from the Magic Kingdom.
As first reported by Orlando Business Journal, Winter Garden-based Lake Reedy Development Group LLC recently sold 26.3 acres of land to a subsidiary of the Walt Disney Company called Celebration Co. The property, which Disney paid $1.05 million for (approximately $39,923 per acre), is located on the southeastern shore of Reedy Lake, to the west of the Magic Kingdom theme park.
This latest land acquisition follows Disney’s purchase of 235 acres from the same owner back in December. Keep in mind that, although Disney might use this new acreage for a new theme park or other guest-facing attraction, it could also be intended for backstage facilities, or as a protected environmental offset for construction elsewhere in the resort.
What do you think Walt Disney World should do with its latest land acquisition? Let us know in the comments below!