Speculation grows over Disneyland expansion plans
Published: March 22, 2007 at 11:46 AM
Disney's been fighting an attempt by the city of Anheim to clear the way for an affordable housing project near the theme parks, in the city's designated resort district. And this week, the company announced it would seek a ballot initiative to strengthen the resort district zoning, requiring a city-wide vote before any exceptions to the tourism-only development in the area could be granted.
It's making people wonder if Disney's fighting residential development so hard because it has plans for more tourism development, beyond its existing two theme parks, three hotels and the Downtown Disney outdoor shopping mall.
From the article:
The company has slowly but steadily amassed 460 acres in Anaheim, including a prime chunk of strawberry fields down Harbor Boulevard from Disneyland that is the designated site of a third park.
And someone is approaching the field's neighboring landowners, trying to buy up land. Corona del Mar resident Benjamin Kraut, 81, said Disney offered to buy his 5 acres several years ago. Then, six months ago, a suitor Kraut declined to name offered him $14.5 million for the land where he co-owns a 90-unit apartment complex. He said it is not for sale.
Disney hasn't unveiled plans for the Disney Resort — those typically come amid fanfare and orchestration — but top executives have hinted at expanding existing markets and increasing its time-share offerings.