Disneyland to Undergo $1 Billion Expansion

In decades to come you should find even more joy in visiting ”the Happiest Place on Earth” as Disneyland pledges to make a $1 billion investment in its Anaheim Resort operations.

Disneyland will spend the money adding attractions and parking. The park has not announced what attractions will be added.

In exchange for Disney’s commitment, the Anaheim City Council approved an extension on the tax exempt status of tickets.

Disney has until Dec. 31, 2017, to begin expanding existing operations.

The city released a statement noting, “At 4 percent of Anaheim’s total acreage, the Anaheim Resort provides more than 50 percent of gross General Fund revenue -- $147.8 million annually from hotel, sales, property and business license taxes.”

The $1 billion investment could result in another $17.9 million per year for the city, according to a study.

--City News Service contributed to this report; Image via Disneyland