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March 28, 2006
Walt Disney World Resort Sells Off Land That Doesn't Fit Into Its Long-Term Plans
Walt Disney World is selling off chunks of excess land on the fringes of its empire, allowing developers to pursue their own real-estate magic. Disney recently sold 53 acres on Sherberth Road south of Disney's Animal Kingdom to a developer who wants to build hundreds of vacation town homes and condominium units, and another 47 acres on Reams Road, north of the Magic Kingdom, to a home builder. Another 30 acres is for sale on U.S. Highway 192. And more may be put on the market as soon as the company re-evaluates its vast land holdings in Central Florida, particularly parcels on the far edges. Disney spokeswoman Andrea Finger said the company is evaluating its Central Florida land holdings to see what fits into its long-term plans and what doesn't.
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Walt Disney World is selling off chunks of excess land on the fringes of its empire, allowing developers to pursue their own real-estate magic. Disney recently sold 53 acres on Sherberth Road south of Disney's Animal Kingdom to a developer who wants to build hundreds of vacation town homes and condominium units, and another 47 acres on Reams Road, north of the Magic Kingdom, to a home builder. Another 30 acres is for sale on U.S. Highway 192. And more may be put on the market as soon as the company re-evaluates its vast land holdings in Central Florida, particularly parcels on the far edges. Disney spokeswoman Andrea Finger said the company is evaluating its Central Florida land holdings to see what fits into its long-term plans and what doesn't.
Posted By: Figment! @ 6:51 PM | 
