Disney Buys Up New Anaheim Properties. Could a Park Expansion Be on the Way?
Disney has purchased 14.7 acres of land surrounding its Anaheim theme parks leading many to believe that an expansion is on the way.
The company has not commented on future plans, but The LA Times obtained the property records that show Disney purchased he Carousel Inn and Suites at 1530 S. Harbor Blvd. in Anaheim in March, and two large office buildings at 1515 S. Manchester Ave. and 1585 S. Manchester Ave. last year. The 14.7 acres of property are all connected and the total value of the land is $60 million (no word on what Disney paid for the properties).
Many speculate that Disney could free up space around Disneyland and California Adventure by moving behind the scenes operations to the new properties.
In addition to the land purchase, Disney officials have agreed to invest at least a billion dollars in the park by 2024 as part of a tax agreement with the city of Anaheim.
Disney acquired the rights to Star Wars in 2012 and Marvel in 2009 – two hugely successful movie franchises that could lead to some unique and popular attractions in the park
Back in March, Disney Chairman and Chief Executive Robert Iger announced that Disney had expansion plans, but offered no details at the time.
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Written by : Casey Dolan
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