According to the Disney Cruise Line Blog, it looks like Disney will not be developing Egg Island in the Bahamas after all. Recently the company took samples from around the island and has determined that the environmental impact would be too great for their plans to move forward.
This is certainly welcomed news to locals and others who have been campaigning to save the island. Disney has previously refused to comment on the speculation that they might purchase the island and has not commented on this new development either.