The Anaheim city council has approved the ambitious DisneylandForward project, signaling a new era for Disneyland Resort.
This project, which has been in development over the past three years in collaboration with city staff and local communities, is set to transform Disneyland Resort and bolster Anaheim's economy. The initiative will introduce new entertainment experiences, create approximately 13,500 jobs, and generate significant new revenue streams for the city.
DisneylandForward will see Disneyland Resort investing at least $1.9 billion in the first decade. According to an economic impact study by Cal State Fullerton, every $1 billion invested by the resort is expected to increase Anaheim's revenues by about $15 million annually. This funding will support vital community services such as fire and police departments, parks, and libraries.
During yesterday's earnings call, Disney CEO Bob Iger said, "We're incredibly excited for the many potential new stories our guests could experience at Walt's original theme park, including the much-anticipated opportunity to bring Avatar to Disneyland."
The project will also enhance local infrastructure and community services, with Disneyland committing $30 million for affordable housing, $8 million for parks, $85 million for traffic improvements and pedestrian safety, and ongoing investment in workforce development programs. This development not only promises to enrich Disneyland's legacy of innovation and creativity but also aims to make a profound impact on the local community and economy.
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