Exciting news is brewing in the magical realm of Walt Disney World! Disney is ramping up its East Coast expansion plans with a staggering $17 billion investment in Florida, a venture that could usher in the long-awaited fifth theme park to its already enchanting lineup.

The Walt Disney Company’s ambitious development proposal, freshly filed under Bob Iger’s leadership, outlines a 10 to 20-year plan aimed at drastically transforming Florida’s magical landscape. This colossal investment is projected to create over 10,000 new jobs in the state’s tourism sector, a promising boost for the local economy. This endeavor seems poised to give Universal Studios’ upcoming Epic Universe some healthy competition and bring endless joy to Disney enthusiasts around the globe.

A hefty chunk of this budget, at least $8 billion within the first ten years, is earmarked for updating existing infrastructure, embarking on new construction projects, and diving into advanced technology investments. The proposed plan highlights the “minimum development” of five parks in Orlando’s buzzing tourism hub, safeguarding Disney’s continuing evolution and innovation. Notably, Disney retains the flexibility to transform hotel/motel land into up to 225,000 square feet of office space within the district, a move that underscores its strategic foresight.

However, before fans start planning their next Disney adventure, the proposal still needs approval from parties involved, including the Central Florida Tourism Oversight District. This agreement mirrors the dynamic expansion “Disneyland Forward” on the West Coast, driven by CEO Bob Iger and Disney Experiences president Josh D’Amaro.

As we await official statements and further details, let your imagination soar about what magic a fifth Disney World park might bring. What new lands and attractions are you hoping to see?

Stay tuned to Mickey News for more updates on this thrilling development. In the meantime, share your thoughts in the comments below and don’t forget to spread the excitement by sharing this story with fellow Disney fans! For more information, you can refer to the original source from Gizmodo [here](https://gizmodo.com/walt-disney-world-fifth-theme-park-plans-florida-1851522367).