Walt Disney (NYSE:DIS) has received crucial approval from the Anaheim City Council to proceed with its largest Disneyland expansion in decades. The council in Anaheim, Calif., where Disneyland has long been situated, unanimously approved a plan that greenlights Disney’s investment of $1.9 billion over the next decade for the expansion. A final vote on the project is scheduled for May.
Although the expansion won’t involve significant land expansion due to Disney’s 490-acre site being surrounded by freeways and residential areas, it will enable Disney to relocate substantial surface parking to a new multi-story garage. This relocation will create space for new lands and attractions, among other enhancements.
These proposed changes mark the first major alterations to Disney’s Southern California parks since the 1990s when Disney transformed Disneyland into a resort hub by introducing Disney California Adventure and the Downtown Disney shopping/entertainment district.
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Author Faith Yakubu 
