The Future. Disney has doubled down on its commitment to Florida with an agreement to invest billions of dollars into expanding Walt Disney World — a move that would bring hundreds of thousands of tourists to the Sunshine State. With a brand new park in the works, expect it to be ground zero for Disney Imagineering’s cutting-edge innovations.
Mouse EmpireDisney and Florida Governor Ron DeSantis’ administration have buried the hatchet.
They’re working on an updated development agreement that would ensure Disney invests $17 billion over “the next 10 to 20 years” (with $8 billion spent within the first 10) as the flagship theme park expands closer to Orlando.
The most tantalizing bit is that Disney would build a fifth park at the resort, which is already home to the Magic Kingdom, Animal Kingdom, Epcot, and Disney’s Hollywood Studios.
Additionally, Disney plans to hire over 10,000 new park employees, including relocating about 2,000 workers from California.
The investment, once finalized, is part of Disney’s larger $60 billion investment into its parks worldwide, including the DisneylandForward project in California that will cost $1.9 billion and a just-completed $2 billion expansion at Tokyo Disney Resort.
And with NBCUniversal working on a massive expansion at Universal Studios Orlando, a project dubbed Epic Universe, the theme-park wars are really heating up.
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