Disney Set to Invest $1.9 Billion in New Theme Park and Lodging Experiences in California
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~ In a unanimous vote last night, the Anaheim City Council showed their support for the Walt Disney Company's $1.9 billion DisneylandForward plan. The final vote is set to take place on May 7th.

Governor Gavin Newsom released a statement in response to the vote, expressing his excitement for the future of Disney in California. "Disney is making it clear that California is its home because we provide the welcoming and supportive environment where businesses want to expand and create more jobs," he said. "We look forward to cultivating more Disney magic and building opportunities for all as this investment drives billions of dollars in revenue for our state and local communities."

The DisneylandForward plan is estimated to generate $1.9 billion in economic output and create over 7,800 jobs over four years through new construction in California. On an annual basis, the plan will bring in $508 million and employ over 3,600 workers through operation.

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This news comes after Governor Newsom met with Bob Iger, CEO of the Walt Disney Company, last year. During their meeting, they celebrated Disneyland's first-ever pride night and discussed the DisneylandForward plan and its long-term investment in the region.

In May 2023, Governor Newsom praised Disney's decision to keep good-paying jobs in California instead of building a nearly $1 billion office complex in Florida.

California's economy is currently ranked as the 5th largest economy in the world. The state also boasts the most equitable tax system in the country and holds top rankings for new business starts, access to venture capital funding, and tourism spending.

With this latest development from Disney, it seems that California will continue to be a hub for economic growth and job creation.

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