Disney Plans Major Expansion for California Parks, Report Says
Walt Disney (NYSE: DIS) hasn't reopened its California theme parks yet, but the company has still been busy with plans to expand Anaheim's Disneyland. The company has been working with city officials on a long-term plan to grow the resort, and to help propel the city's economic recovery from the pandemic impacts, according to The Orange County Register.
DisneylandForward is a company project to work with the city to update the blueprint for the resort district to allow new development. Though the company won't be looking to add land, Disney's team will be asking city officials for more flexibility on how it develops land that had previous approval for specific uses, according to the report. Disney could be looking to build on its current footprint with additional theme park attractions, as well as adding hotels, retail, dining, and entertainment to the current resort property.
Source Fool.com
