According to GrowthSpotter, Walt Disney World has purchased another large parcel of land in Central Florida, west of Magic Kingdom.
Via GrowthSpotter
What’s happening:
- GrowthSpotter is reporting that Walt Disney World has recently purchased 235 acres land near Magic Kingdom for $6 million through their affiliate, Compass Rose Corp.
- The deed to the Orange County property was previously owned by Lake Reedy LLC.
- Lake Reedy LLC is run by citrus growers Lester Austin III and John D. Ficquette.
- GrowthSpotter notes that a portion of the land—about 44 acres—is actually the submerged southern section of Reedy Lake as spotted above.
- Disney representatives were not available for comment, and Disney has not announced what their plans are for the land.
- Reedy Creek Improvement District owns about 600 acres adjacent to the 235 acre plot. That area is currently being used as a “solar farm.”
ICYMI:
- In late 2018, The Walt Disney Company also purchased land in Celebration known as the BK Ranch for $23 million. This area is likely to be used for water conservation and wetland mitigation.
Disney paid $11 million on Jan. 3 to buy portions of the nearly 2,000-acre Frank Brown estate land holdings.
- The Walt Disney World Resort has been actively working to reduce their carbon footprint and earlier this year, brought their solar facility online. Thanks to our sun, up to 25% of the resorts energy needs are met through solar power!
Walt Disney World Expands Solar Energy Efforts
- Our own Jeremiah had the opportunity to tour WDW’s solar facility and learn more about this exciting project.