LAKE BUENA VISTA., Fla. – “The Most Magical Place on Earth” is going to have a lot more for guests to explore in the next few years.
On Thursday, Disney announced a 10-year investment plan which would include a 14-acre expansion to the Magic Kingdom Park.
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The expansion to the most visited theme park in the world is just part of a $60 billion investment in the company’s portfolio of theme parks, experiences and cruise ships in the works for the next decade.
Disney CEO Bob Iger said, 70% of the investment will be focused on new attractions that expand the capacity of Disney’s theme parks and cruise ships. The remaining 30%, he said, is focused on the technology and maintenance to make that expansion happen.
“As I looked at the returns on the invested capital that we made in this business over the 15 years prior to my coming back, it was extraordinarily compelling. We should allocate in a direction where we had great returns,” said Iger.
According to the Disney Parks Blog “Tiana’s Bayou Adventure” in Frontierland is set to open this Summer. The ride will feature dozens of audio-animatronics, new music and the famous 50-foot drop. The popular attraction, formerly known as “Splash Mountain” officially closed in Jan. 2023 for refurbishments.