July 6, 2022

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Disney broadcasts plans for 1,300 reasonably priced properties on 80 acres of land in Orlando

Disney on Wednesday introduced plans for a brand new reasonably priced housing improvement on 80 acres of land only a brief drive from the gates of its Magic Kingdom park in Orlando, Florida.

The event might be constructed close to downtown Flamingo Crossings and can embody greater than 1,300 items, the corporate mentioned.

“We’re invested in working with our group to unravel advanced issues,” Walt Disney World Resort Chairman Jeff Vahle mentioned in an announcement Wednesday. “The shortage of reasonably priced housing impacts many individuals throughout our nation, together with proper right here in Central Florida.”

Artist’s rendering of Disney’s reasonably priced housing improvement venture in Orlando, Florida. (Disney/Fox Information)

Housing prices have surged in Orange County and the remainder of Florida in recent times.

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Rents in Orlando are up 24.26% year-over-year, in line with Florida Atlantic College analysis launched final month.

Disney’s new improvement continues to be “within the early planning phases and topic to applicable approvals,” the corporate mentioned.

Disney CEO Bob Chapek has fallen out with Florida Governor Ron DeSantis in latest weeks after the state handed the Parental Rights in Schooling Invoice, which bars academics from formally educating gender id and sexual orientation to college students in kindergarten by third grade.

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Final week, DeSantis hinted that he was threatening to repeal a 55-year-old regulation that enables Disney to control itself on the grounds of Walt Disney World. It’s unclear whether or not this potential repeal or the broader feud might affect Disney’s plans for reasonably priced housing improvement.

Disney’s announcement comes about two weeks after Common Parks & Resorts and Wendover Housing Companions introduced plans to construct 1,000 reasonably priced housing items on 20 acres of land in Orlando.