Disneyland Pledges $100 Million for Anaheim if Expansion Moves Forward
The Disneyland Resort is pledging over $100 million for Anaheim streets, parking, and affordable housing as part of a proposed agreement for the resort expansion project.
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According to the Orange County Register, Disney will commit to investing at least $1.9 billion into the Disneyland Resort over the next decade, along with providing millions more for housing and parks.
A development agreement was presented on Tuesday at a City Council workshop. It would give Disney flexibility to choose where it builds new theme park areas, hotels and dining within its existing footprint. It would also guarantee the city the continued investment into the resort, along with $30 million for affordable housing and $8 million for parks and money for nearby road improvements.
Half of the $30 million for affordable housing would be paid in the first year and the rest in five years. The $8 million for parks would be for the city to use at its discretion. As for the road improvements, Disney proposed to buying some streets from the city for $40 million.
“We listened to Anaheim’s leaders and worked hard to address what is important for the city,” Ken Potrock, president of the Disneyland Resort, said in a statement. “We are proud that DisneylandForward will provide many important benefits directly to the residents of Anaheim.”
DisneylandForward is the Disneyland Resort’s proposal to update the resort over the coming years. It could be one of the largest developments in Anaheim. The expansion would allow for more integrated, immersive experiences at Disneyland.
There will be another workshop to discuss the project next month. Hearings are expected to be held in April and May and the City Council is expected to vote on the project by spring.
You can read more details about the proposal here.
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