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Disney World could be about to build a fifth park

Disney World could be about to build a fifth park

Disney World could build a fifth park.

The Florida based resort resort is made up of Magic Kingdom, Epcot, Animal Kingdom, as well as Hollywood Studios and whilst rumours have persisted that a fourth could be on the way for years, now the Central Florida Tourism Oversight District is set to host a public hearing on Disney's development plan during a meeting over the coming days.

District administrator, Stephanie Kopelousos, said in a statement to Business Insider, said: "With Walt Disney World's substantial investments, we anticipate economic growth, job creation, and support for local businesses, alongside environmental stewardship and workforce housing initiatives, benefiting Central Florida's community."

The deciding vote will take place on June 15.

As now written, the agreement would allow Disney to spend $17 billion to further develop Walt Disney World over the next 10 to 20 years, according to a statement from the tourism board.

Disney officials have not yet commented on the news but earlier this year, CEO Bob Iger noted that they her "hard at work" deciding what would happen with investments in the near future.

He said: "We're already hard at work at basically determining where we're going to place our new investments and what they will. You can pretty much conclude that they'll be all over, meaning every single one of our locations will be the beneficiary of increased investment."

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