Breaking News: Disney has Puchased an Additional 1,500+ Acres In Osceola County

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Breaking News: Disney has Puchased an Additional 1,500+ Acres In Osceola County

In a report released by GrowthSpotter, it appears the descendants of Oren Brown have sold an additional 1500+ acres to the Disney Company. The deal that completed on January 3, 2019, reportedly cost $11 million dollars and is in addition to the 965-acre BK Ranch property in Celebration that Disney bought this past December for $23 million. Taking the recent total land purchases to roughly 2,500 acres at a total cost of  $34 million.

Oren Brown was a cattle rancher and politician, he reportedly refused to allow his land to be sold as part of the original purchase for the then planned theme park. Ultimately his refusal to sell drove the purchase of the land where the Walt Disney World resort currently sits. Brown passed away in 1993. The original deal was for $4.2 million dollars.

The newly purchased land was a former cattle ranch and is located off the Old Tampa Highway in Osceola County next to the BK Ranch Property. The notable difference in price is due to the entitlement of the land. The BK Ranch property was originally planned for 3,000 homes as well as commercial space.

So just what is the plan for all of this land? While Disney has not released what they intend to do with this now over 2,500 acres the current purchase was being marketed for water conservation and wetland mitigation. It is not expected for the land to be developed. This was echoed by John Adams, who is a partner with the company charged with marketing the land, Central Florida Land Advisors. Interestingly enough, the new purchase runs right along the Sun Rail line.

Will Disney develop the land or leave it in its natural state? Only time will tell. Stay tuned for updates as they become available.

Source: GrowthSpotter

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