No wonder nobody built there before. Disney was holding out.
ORLANDO (Orlando Sentinel) – Walt Disney World is selling off chunks of excess land on the fringes of its empire, allowing developers to pursue their own real-estate magic. Disney recently sold 53 acres on Sherberth Road south of Disney's Animal Kingdom to a developer who wants to build hundreds of vacation town homes and condominium units, and another 47 acres on Reams Road, north of the Magic Kingdom, to a home builder. Another 30 acres is for sale on U.S. Highway 192. And more may be put on the market as soon as the company re-evaluates its vast land holdings in Central Florida, particularly parcels on the far edges. Disney owns 27,000 acres in southwest Orange and northwest Osceola counties, most of it purchased in the 1960s when Walt Disney stealthily assembled his holdings before the public learned of his plans to build Disney World. The new deals may illustrate a shift in thinking for Disney. Andrea Finger, spokeswoman for Walt Disney Imagineering, Disney's park planning division, said the 47-acre deal Disney made in December and the 53-acre deal in February are the first for the company in a while, other than land in the Little Lake Bryan and Celebration planned communities. Disney is not talking about the 30-acre tract, except to say it is in contract. Yet Disney asked its government agency, the Reedy Creek Improvement District, to de-annex the property, which is on U.S. 192, west of the Animal Kingdom Lodge.
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