The Walt Disney Company paid $23 million for 965 acres of land within 10 miles of the company’s cluster of theme parks and hotels in Orlando.
But a Disney spokesperson told WFTV that the company probably will not build another them park on the 965-acre site
The spokesperson said in an email that the land will be used for “conservation-related and water management needs.”
The land is approved for the development of 3,000 homes and approximately 400,000 square feet of commercial space.
Source: The Next Miami