SOURCE: Orlando Rising
A Disney subsidiary has purchased 1,575 acres in Osceola County for $11 million, though the land will likely be for conservation rather than any expansion of Disney attractions in Central Florida.
The parcel west of Poinciana Boulevard is adjacent to the 965-acre BK Ranch property Disney purchased last month for $23 million — more than three times the price per acre. The difference may be owed to the BK Ranch having existing zoning permits for commercial and residential use which have never come to fruition.
The land is expected to be used for wetland mitigation and water management as a result of new construction on existing Disney World property. The company has multiple expansion projects either planned or underway, including the 14-acre Star Wars: Galaxy’s Edge at Disney’s Hollywood Studios, a new “Tron”-themed coaster being built at the Magic Kingdom and two new Disney Vacation Club resorts, the Riviera and Reflections: A Disney Lakeside Lodge.
“Walt Disney World Resort acquires parcels of land for a variety of uses, which may include water management and conservation,” a Disney spokesperson told Orlando Rising.
The latest purchase does have a connection to Disney World’s past. The seller is the estate of Frank E. Brown, son of seven-term Osceola County Commissioner Oren Brown. According to his 1993 obituary in the Orlando Sentinel, Brown reportedly turned down a $4.2 million offer from Disney for 6,750 acres of ranch and swampland next to the more than 27,000 acres which became the Walt Disney World Resort.