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TravelDisney Purchases Almost 1,000 Acres Near Celebration

16:40  18 december  2018
16:40  18 december  2018 Source:   travelpulse.com

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Disney has purchased nearly 1 , 000 acres to the southeast of the Celebration community for million. While Disney hasn’t commented on the matter, Jerry McGratty, the broker of Westhampton Realty said, “it’s very likely the [commercial development] plans will stay on a shelf because Disney

Now that Walt Disney World has purchased it, the future of the land and its development is up to Disney . Westhampton Realty owner and broker Jerry McGratty said to GrowthSpotter that Disney was primarily interested in acquiring the almost - 1 , 000 acres of land for “water management needs”

The Walt Disney Co. continues to expand as it was reported the company purchased 965 acres of ranch land in Florida Thursday for around $23 million.

According to Growth Spotter, the BK Ranch located southeast of Celebration on Old Tampa Highway in Osceola County is zoned for development. The original plan for the property was to build a community to rival Celebration.

Disney Purchases Almost 1,000 Acres Near Celebration© Travalliancemedia Owned Media (Staff Photo) Magic Kingdom Entrance at Walt Disney World in Orlando, FL (Photo by Lauren Bowman)

Instead of building 3,000 homes and 378,000 square feet of commercial and office space as proposed by the former owners, Disney is reportedly looking to use the land for water management needs and conservation.

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Disney purchased 965 acres of ranch land in Florida. Mulan taught us that you don't have to be a boy to get things done, and by "things" I mean saving the Chinese empire from Celebration set at Walt Disney 's Northwest Side birth home after 5-year Disney Purchases Almost 1 , 000 Acres Near

Disney Purchases Almost 1 , 000 Acres Near Celebration . Disney purchased 965 acres of ranch land in Florida. — Share news in the SOC.

Court-appointed receiver for the property Jerry McGratty told Growth Spotter he does not believe Disney will ever attempt to develop the property.

The purchase by the Walt Disney Co.is being compared to the model followed during the acquisition of Mira Lago in 2014. The failed 3,000-acre residential development was bought to “mitigate wetland impacts as a result of new construction in the Disney theme parks and resort areas.”

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