Disney4me Posted April 1, 2020 Report Posted April 1, 2020 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! What do you think of Disney’s decision to purchase more land? Tell us your thoughts in the comments below. Related posts: BREAKING NEWS! Disney World Has Just Extended Its Closure And Noted More Details Going to Disney World?? You Need Our BEST Disney Dining Plan Snack Credit VALUES for 2020! Small Price Increases That Could Have a BIG Impact on Your Next Disney World Vacation! View the full article Quote
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