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How much did Disney pay for land in Florida?

In all, the company purchased 27,400 acres for more than $5 million from 51 landowners.



When Walt Disney first began his "Project Winter" in the mid-1960s, his shell companies purchased the initial 27,443 acres of Central Florida swampland for an average price of about $180 to $200 per acre, totaling roughly $5 million. To keep the project secret and prevent land prices from skyrocketing, Disney used several fake entities like "Tomahawk Properties" and "Latin-American Development" to buy up the scrub forest and groves in Orange and Osceola counties. Once the secret was out in October 1965, land prices surged by over 1,000%, with some final parcels costing as much as $80,000 per acre. Over the decades, The Walt Disney Company has continued to expand its holdings, including a major 2018 purchase of 965 acres for $23 million. Today, the Walt Disney World Resort spans approximately 47 square miles (about 30,000 acres). Adjusting that original 1960s $5 million investment for 2026 inflation, the initial land grab was a legendary bargain that provided the "blessing of size" needed to build the world's largest vacation destination without the encroachment of outside development.

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The arrival of Walt Disney So, Disney began to look around for somewhere else to base a second theme park. Disney settled on Orlando as the perfect site, convinced by its year-round sunshine, its excellent road access and relatively cheap land, as much of its was covered by swamps.

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Richard Foglesong, an expert on Disney told Business Insider that, “they're stuck there, and Florida is stuck with them.” Besides the immense cost of relocating on top of the billions it would need to spend on keeping its Florida operations up to date in the meantime, Disney would never be able to get the special ...

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If the area no longer had Disney, Testa said, the result would be “an economic nuclear winter.” “The city would survive, but plenty of people would leave,” he said. “Those who remain would need to rebuild the economy.”

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