Disney selling parcels in Flamingo Crossings project

[daveypoo]

From the Orlando Sentinel

Scott Powers | Sentinel Staff Reporter
November 28, 2007


Private developers and merchants will be able to build, run and own small restaurants, a grocery store, service and retail shops, and several "value"-oriented hotels and motels on the western edge of Walt Disney World later this decade as part of the giant resort's next development.

Disney World's land-development company, Buena Vista Land Co., said Tuesday it has begun offering parcels for sale and development within Flamingo Crossings, the 450-acre lodging-and-shopping district it announced last winter.

The project will rise mostly west of the State Road 429 interchange at Western Way, which connects S.R. 429 -- also known as the Western Beltway -- with Disney's theme parks and hotels. Early marketing materials declared it to be "outside the western gateway to Walt Disney World," but in fact all of the land is and will remain within the Reedy Creek Improvement District, the government agency that the Florida Legislature created specifically for Walt Disney Co. in 1967.

That prospect creates a first chance for third-party owners to buy and develop land inside Reedy Creek. Disney has previously allowed numerous private developments of hotels, stores and restaurants within Reedy Creek, but always through long-term land leases that have kept the real-estate deeds in Disney's hands.

Flamingo Crossings is to be built in phases over eight to 10 years, the company said. Infrastructure construction could start this winter, and the first private hotels or shops could break ground in a year or two, Buena Vista spokeswoman Andrea Finger said.

The district would aim for "value" hotels and motels, she said. Plans call for 4,000 to 5,000 rooms in low- to mid-rise lodges -- priced to compete with moderate hotels and motels off Disney property.

"We think there is room for expansion in that area" of the market," Finger said.

The 300,000 to 500,000 square feet of retail space at Flamingo Crossings would target merchants of practical wares and services that tourists, Disney employees and area residents might need, such as groceries, toiletries or basic clothing -- thereby competing with area shopping centers and outlet stores that draw many visitors off Disney property. The restaurants might include a mix of fast-food and casual-dining franchises not common on Disney grounds.

"Generally speaking, it's your typical shopping center that you see along the interstate," Reedy Creek Administrator Ray Maxwell said. "It's the value end of the market."

That retail concept contrasts with Disney's other major shopping and dining district, Downtown Disney, where patrons find a mix of entertainment, nightclubs, themed restaurants, Disneyana, and offbeat, niche and high-end gifts.

All of the private development would be developed under Disney's watchful eye, fitting into the project's master plan and aligning with Disney's restrictions and prior developments, Finger said. That is one reason Flamingo Crossings land will remain within the Reedy Creek district, rather than subjecting it to Orange County's development oversight.

Consequently, future landowners there will earn the rare power to vote to elect members of Reedy Creek's governing board or to decide any district-wide initiatives -- a right that has been extended to very few outside of Walt Disney Co. during the past four decades. Such votes are unlikely to change any balances of power within the district, Maxwell said, because the district's charter allows property owners one vote per acre. Flamingo Crossings could result in the sale of 450 acres to third-party owners, but Disney would still own about 17,000 acres within the district, while another 7,500 will remain under the control of the district itself or the state of Florida.


Scott Powers can be reached at spowers@orlandosentinel.com or 407-420-5441.
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When you're curious, you find lots of interesting things to do.
--Walt Disney

[eatmon74]

Ok I've been thinking this over and I think we, being the web site, can base or world headquaters here and sell beach towles and crocs from here to make it legit. The real motive is to be able to secretly vote on Reedy creek projects. We could slowly take over and Rule WDW HAHAHAHAHAHAHAHA!
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Jason

[WDWFan]

Disney bought all that land to keep this stuff away from the parks. Now they are selling the land to bring it closer to the parks...

But they have not lost site of what Walt's dream was?

[Incredibles]

I completely agree WDWFan. The entire reason for buying all the land they did was to buffer themselves from the cheap stores and hotels around Disneyland. Now they sell land to those exact people, and on the edge of WDW? It is horrible. But like always, it is all driven by the almighty dollar.

I would be interested to know if in the contracts to sell the land if there is a stipulation that Disney has first rights to buy back the land from the new owners in they ever decide to sell it.

Anyway, I just hope that in 25 years we aren't looking at WDW and just shaking our heads because of deals like this.