DISNEY WORLD

In 1959, Walt Disney Productions, under the leadership of Walt Disney, began looking for land for a second park to supplement Disneyland, which had opened in Anaheim, California in 1955. Market surveys revealed that only 2% of Disneyland's visitors came from east of the Mississippi River, where 75% of the population of the United States lived. Additionally, Walt Disney disliked the businesses that had sprung up around Disneyland and wanted control of a much larger area of land for the new project.
Walt Disney flew over the Orlando site (one of many) on November 22, 1963, the day of the Kennedy assassination. He previously flew over, and appealed to, the Sanford, Florida city council to allow him to build Disney World in Sanford, but his appeal was declined. The citizens of Sanford did not want the crime that was sure to come with tourism. He saw the well-developed network of roads, including the planned Interstate 4 and Florida's Turnpike, with McCoy Air Force Base (later Orlando International Airport) to the east, and immediately fell in love with the site. When later asked why he chose it, he said, "the freeway routes, they bisect here."[ Walt Disney focused most of his attention on the "Florida Project" where he purchased land for Disney World, both before and after his participation at the 1964–1965 New York World's Fair, but he died on December 15, 1966, and never saw his vision complete.
To avoid a burst of land speculation, Disney used various dummy corporations and cooperative individuals to acquire 27,400 acres (110 km², 43 mi²) of land. The first five-acre (20,000 m², 217400 ft²) lot was bought on October 23, 1964, by the Aye four Corporation (a pun on Interstate 4). Others were also used with second or secret meanings which add to the lore of the Florida Project, including M.T. Lott Real Estate Investments ("empty lot").
In May 1965, major land transactions were recorded a few miles southwest of Orlando in Osceola County. Two large tracts totaling $1.5 million were sold, and smaller tracts of flatlands and cattle pastures were purchased by exotic-sounding companies such as the Latin-American Development and Management Corporation and the Reedy Creek Ranch Corporation. In addition to three huge parcels of land were many smaller parcels, referred to as "outs."
Much of the land had been platted into five-acre (20,000 m², 217400 ft²) lots in 1912 by the Munger Land Company and sold to investors. In most cases, the owners were happy to get rid of the land, which was mostly swamp. Yet another problem was the mineral rights to the land, owned by Tufts University. Without the transfer of these rights, Tufts could come in at any time and demand the removal of buildings to obtain minerals.
After most of the land had been bought, the truth of the property's owner was leaked to the Orlando Sentinel newspaper on October 20, 1965. A press conference soon was organized for November 15. At the presentation, Walt Disney explained the plans for the site, including EPCOT, the Experimental Prototype Community of Tomorrow, which was to be a futuristic city (and which was also known as Progress City). Plans for EPCOT would drastically change after Disney's death. EPCOT became EPCOT Center, the resort's second theme park, which opened in 1982. Concepts from the original idea of EPCOT would be integrated into the community of Celebration much later.
The Reedy Creek Drainage District was incorporated on May 13, 1966 under Florida State Statutes Chapter 298, which gives powers including eminent domain to special Drainage Districts. To create the District, only the support of the landowners within was required.
Walt Disney died on December 15, 1966, before his vision was realized. His brother and business partner, Roy O. Disney, postponed his retirement to oversee construction of the resort's first phase. The Disney Company worked with Robert Hart, a New York architect and founder of Hart Howerton, an architecture firm that specializes in large-scale land use, to develop the initial master plans for the park. Hart had previously worked with John Carl Warnecke & Associates, which designed the John F. Kennedy memorial at Arlington National Cemetery.
On February 2, 1967, Roy O. Disney held a press conference at the Park Theatres in Winter Park, Florida. The role of EPCOT was emphasized in the film that was played, the last one recorded by Walt Disney before his death. After the film, it was explained that for Walt Disney World to succeed, a special district would have to be formed: the Reedy Creek Improvement District with two cities inside it, the City of Bay Lake and the City of Reedy Creek (now the City of Lake Buena Vista). In addition to the standard powers of an incorporated city, which include the issuance of tax-free bonds, the district would have immunity from any current or future county or state land-use laws. The only areas where the district had to submit to the county and state would be property taxes and elevator inspections.
The legislation forming the district and the two cities was signed into law on May 12, 1967. The Florida Supreme Court ruled in 1968 that the district was allowed to issue tax-exempt bonds for public projects within the district despite the sole beneficiary being Walt Disney Productions.
The district soon began construction of drainage canals, and Disney built the first roads and the Magic Kingdom. Disney's Contemporary Resort, Disney's Polynesian Resort, and Disney's Fort Wilderness Resort & Campground were also completed in time for the park's opening on October 1, 1971. The Palm and Magnolia golf courses near the Magic Kingdom had opened a few weeks before.
Roy O. Disney dedicated the property and declared that it would be known as "Walt Disney World" in his brother's honor. In his own words: "Everyone has heard of Ford cars. But have they all heard of Henry Ford, who started it all? Walt Disney World is in memory of the man who started it all, so people will know his name as long as Walt Disney World is here." After the dedication, Roy Disney asked Walt's widow, Lillian, what she thought of Walt Disney World. According to biographer Bob Thomas, she responded, "I think Walt would have approved."
Roy O. Disney died on December 20, 1971, barely three months after the property opened.
Disney subsequently opened EPCOT Center in 1982, a theme park adapted from Walt Disney's vision for a "community of tomorrow". The park permanently adopted the name Epcot in 1996. In 1989, the resort added Disney-MGM Studios, a theme park inspired by show business, whose name was changed to Disney's Hollywood Studios in 2008. The resort's fourth theme park, Disney's Animal Kingdom, opened in 1998.
Meg Crofton was named president of the resort in August 2006, replacing Al Weiss, who had overseen the site since 1994.
Despite marketing claims and popular misconceptions, the Florida resort is not located within the Orlando city limits, but is in its own cities: Lake Buena Vista and Bay Lake, about 21 miles (34 km) southwest of Orlando within southwestern Orange County, with the remainder in adjacent Osceola County. Bay Lake and Lake Buena Vista are controlled by Disney through the Reedy Creek Improvement District.
The 25,000 acres (101 km2; 39 sq mi) site is accessible from Central Florida's Interstate 4 via Exits 62B (World Drive), 64B (US 192 West), 65B (Osceola Parkway West), 67B (SR 536 West), and 68 (SR 535 North), and Exit 8 on State Road 429 (Florida), the Western Expressway.
At its peak, the resort occupied approximately 30,000 acres (120 km2) or 47 square miles (120 km²), about the size of San Francisco, or twice the size of Manhattan. Portions of the property since have been sold or de-annexed, including land now occupied by the Disney-built community of Celebration.