Back in December 2018, Disney bought almost 1,000 acres of land located near Celebration, Florida. Now, they’ve purchased over 1,500 acres just to the east of the land they bought in December. The total cost is believed to be $23 million.
As reported by GrowthSpotter, the Brown Estate’s original owners refused to sell the land to Disney during Walt Disney World’s original construction. That owner passed away in the early ’90s and the current owners agreed to part with the land.
This land and the BK Ranch land purchased back in December 2018 will likely be used for conservation rather than new construction. Disney’s agreement in Florida requires a certain percentage of land to be used for conservation, capping how much land they could develop on the original Walt Disney World property. These purchases would allow for Disney to develop more land for future expansions near its current theme parks and resorts.
While this land likely won’t be developed (though the proximity to SunRail is noteworthy), these recent land purchases should indicate that Disney has big plans for expansion in the future.