Our Story
In 1964, Walt Disney began secretly buying millions of dollars worth of Central Florida farmland. As vast areas of land were purchased in lots of 5,000 acres here, 20,000 there -- at remarkably high prices -- rumors flew as to who needed so much land and had the money to acquire it. Some thought it was Howard Hughes; others, the space program. Speculation was rife almost to the very day, November 15, 1965 ("D" Day for Orlando), when Uncle Walt arrived in town and announced his plans to build the world's most spectacular theme park ("bigger and better than Disneyland"). In a 2-year construction effort, Disney employed 9,000 people. Land speculation reached unprecedented heights, as hotel chains and restaurateurs grabbed up property near the proposed park. Mere swampland sold for millions. The total cost of the project by its October 1971 opening was $400 million. Mickey Mouse escorted the first visitor into the Magic Kingdom, and numerous celebrities, from Bob Hope to Julie Andrews, took part in the opening ceremonies. In Walt Disney World's first 2 years, the attraction drew 20 million visitors and employed 13,000 people. The sleepy citrus-growing town of Orlando had become the "Action Center of Florida," and the fastest-growing city in the state.
