Disney has reportedly purchased nearly 1,000 acres of land located just south of Celebration, Florida. According to Growth Spotter, Disney paid $23 million for the chunk of land that sits roughly five miles west of Kissimmee.
What does Disney plan to do with their new land? The most realistic answer is conservation. Disney has an agreement in Florida regarding the percentage of land they can use for development and the percentage of land they must set aside for wetlands and conservation. Back in 2015, Disney acquired nearly 3,000 acres of land and made an agreement to use that land for conservation in exchange for the ability to develop more land on Walt Disney World property. A similar agreement may occur with this new purchase.
By acquiring new land, Disney may be able to free up more adjacent land that’s already on Walt Disney World property for future developments. That land could be used for an expansion to one of the existing parks, a new resort in a new location or even the remote possibility of a fifth theme park.
Disney has not officially commented on this purchase as of the posting of this article.
Thanks to Blog Mickey for the permit photo.