27,000 acres of land is owned by the Disney corporation in central Florida. To give you an idea of how much land that actually is… 27,000 acres is 80 times the size of the nation of Monaco, twice the size of the island of Manhattan, and the size of the city of San Francisco. Convert that from acres to miles, and it’s 47 square miles! Keep in mind only 1,100 acres are taken up with the parks, while only 7,100 acres have been developed.
Walt learned from Disneyland that outside developers and hotels would quickly surround his precious park. He wanted space when he began to plan “Project X” or also known as the “Florida Project.” To get the space needed Walt set up “dummy corporations” to operate under. He knew that once it was announced that they were creating a park that the price of property would skyrocket. So corporations like “M.T. Lott” (get it… empty lot!), “Reedy Creek Ranch Corporation” and several others went to central Florida to purchase the 27,000 acres of land. The first acres of land were purchased for about $80.00 per acre. After it was announced that Disney was purchasing the land, the price skyrocketed 1000% to $8000.00 per acre.
With this land, the Disney corporation was able to create the magical world that we now know as Walt Disney World. Even though Walt died prior to the opening of Walt Disney World, it has been a huge success!
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