Disney planning on investing $1 billion at Disneyland and California Adventure

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Disney is considering investing $1 billion in its California based theme parks to avoid having to pay tax levies at the theme parks for another 30 years.

Specifics of the new expansion have not been annoucned but according to the OC Register, they include new attractions, parking improvements and street improvements to the surrounding area.

City Council will hold a public meeting on July 7 to discuss this matter and the entertainment tax exemption that began back in 1996 expires on June 30, 2016.

“Anaheim has been an economic success story thanks to its policies and initiatives that allow businesses to invest and thrive,” said Michael Colglazier, president of Disneyland Resort.

If the tax exemption is approved, construction would begin no sooner than 2017 on these new projects and we could hear some sort of an announcement as to what these projects are later this year.

The latest expansion of the Disneyland Resort was back in 2012 that included Radiator Springs and cost over $1 billion.

What would you like to see come to Disneyland now that they own Star Wars and Marvel?

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Author Description

Clint

Clint

Clint Gamache started Thrillgeek back in 2013 to share his love of theme parks, pop culture and other geeky stuff with the world. He can be found on Twitter @cgamache83