Disney's $1.9B DisneylandForward Plan Gets Final Approval From Anaheim City Council; Sets Major Changes For Walt's Original Park

Core Points - The Anaheim City Council approved DisneylandForward, a $1.9 billion expansion plan for Disneyland, with zoning changes effective in 30 days [1] - The plan includes mixed-use development on 57 acres of parking and unused land, allowing for new attractions, hotels, shopping, and dining [1][3] - Disney CEO Bob Iger indicated potential new attractions, including an Avatar-themed area, but specifics remain uncommitted [4] - Disneyland's Parks and Experiences unit has seen revenue growth primarily from overseas properties, while Disneyland itself has faced year-on-year declines due to rising costs [4] - The DisneylandForward plan is part of a larger $60 billion investment cycle in Parks and Experiences over the next ten years [4] - Disney is required to invest a minimum of $1.9 billion in various developments within ten years, along with additional funds for affordable housing and local infrastructure improvements [4] Financial Implications - Disneyland's attendance and per capita spending have increased, but the CFO noted flat growth in the current fiscal third quarter due to post-COVID demand normalization [4] - Anaheim could see an estimated additional yearly revenue of $15 million to $244 million upon full buildout of the DisneylandForward plan [4]