Economy takes its toll on Disney World development

Leah Zanolla | Posted: Nov 9, 2009 | Updated: Oct 19, 2014 - 9:25:27 AM

More than three years ago, Walt Disney World announced the development of a new hotel and shopping area on the west side of property. However, according to the Orlando Sentinel, Disney has been trying to court "hotels, restaurants and shopping centers for two years, but has yet to close a sale."

The area, named "Flamingo Crossings", was Disney's attempt at creating a shopping, dining, and hotel district aimed at the budget-conscious; think of it as "Downtown Disney Light." Most likely due to the recession, developers have been unwilling to financially commit to joining Disney in their new venture. According to the Sentinel, Flamingo Crossings isn't alone in its slowdown. The article suggests "building-permit activity at Disney World has dropped 25 percent during the past year."

Disney contends it is still behind the project; a stance echoed by Walt Disney World spokesperson Marilyn Waters in saying, "I can tell you we continue to have significant interest from hotels, retailers and restaurants." Waters also remains optimistic that the project itself is not in jeopardy. "As the economy recovers," she adds, "we're in good position."