Disney is committed to spending millions of dollars on housing, parks and streets as part of a proposed agreement with the city of Anaheim. The company also announced it will invest at least $1.9 billion into the resort over the next decade.
The development agreement was presented Tuesday during an informational workshop for Disneyland Forward, a rezoning project proposed by the entertainment company.
The proposal states that Disney would be given flexibility on where it can build new theme park areas, hotels and dining within its existing footprint, and in return, the company would guarantee the city of Anaheim a continued investment into the resort along with $30 million for affordable housing and $8 million for parks and nearby road improvements.
The development agreement would last until 2064, a 28-year extension from its original agreement, which would have expired in 2034.
The Disneyland Forward project details how officials want to update and renovate the Anaheim theme park. The project will include new attractions, shops and restaurants within its existing 490-acre footprint.
Disney fans have long theorized that lands, rides and attractions based on “Tangled,” “Zootopia” and “Tron” and expanded areas based on “Peter Pan” and “Toy Story” could also be in the works if the project is approved.
In September, Disney Parks Chairman Josh D’Amaro talked about the possibility of bringing Arendelle from “Frozen,” Wakanda from “Black Panther” and Santa Cecilia from “Coco” to life in some capacity at the “Happiest Place on Earth” and potentially its sister park in Orlando.
Should Disneyland Forward be approved, the expansion would allow the company to integrate more immersive experiences at the resort, Disney’s Global Development Vice President Rachel Alde said during the meeting.
Examples of these experiences can be seen worldwide, like the World of Frozen at Hong Kong Disneyland and Zootopia at Shanghai Disneyland.
The Anaheim Planning Commission will hold hearings for Disneyland Forward in March and the City Council will vote on the proposal in May, the Orange County Register reported.
