Walt & Roy Disney, along with Governor Haydon Burns, speak at 2 pm to the press inside Orlando's Cherry Plaza Hotel, officially announcing the Disney World project (formerly known as "Project X" back in Burbank). Up until that point, Disney operatives have secretly acquired 27,443 acres (or roughly 43 square miles) for about $5 million, or $180.acre - shortly following the announcement land prices rise to around $80,000/acre!
November 15, 2002 - Walt Disney World
The Villas at Disney's Wilderness Lodge officially opens, adding a Disney Vacation Club component to the existing Deluxe hotel along the shores of Bay Lake, near the Magic Kingdom. The addition includes 181 villas, a quiet pool and fitness center. The villas are comprised of Deluxe Studios, 1 Bedroom and 2 Bedroom units.
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