Walt Disney World The Walt Disney Company paid $23 million for 965 acres of land within 10 miles of the company’s cluster of theme parks and hotels in Orlando. The company did not specify its plans for the property known as B.K. Ranch, located southeast of the Celebration, a master-planned community in Osceola County. But a Disney spokesperson told WFTV that the company probably will not build another them park on the 965-acre site. The spokesperson said in an email that the land will be used for “conservation-related and water management needs.” The land is approved for the development of 3,000 homes and approximately 400,000 square feet of commercial space. An ongoing surge in construction at Walt Disney World will expand the theme parks there and add new hotels and a new transportation system over the next three years. [WFTV] – Mike Seemuth
Disney bought 400,000 sq of land near its Orlando theme park and hotel complex for $23m but said it would not be used for theme parks. The company said the site, called BK Ranch, would be used for conservation and water management. The land already had development approval for 3,000 homes and 975 acres ft of commercial use.