Walt Disney World the district was allowed to issue tax-exempt bonds for public projects within the district, despite the sole beneficiary being Walt Disney Productions. The district soon began construction of drainage canals, and Disney built the first roads and the Magic Kingdom. The Contemporary Resort Hotel and Polynesian Village were also completed in time for the park's opening on October 1, 1971. The Palm and Magnolia golf courses near Magic Kingdom had opened a few weeks before, while Fort Wilderness opened a month later. 24 days after the park opened, Roy O. Disney dedicated the property and declared that it would be
Orlando, Florida NTC Annex. That closed in 1995, and became a housing, though the former McCoy AFB still hosts a Navy Exchange, as well as National Guard and Reserve units for several branches of service. NTC Orlando was completely closed by the end of 1999. Base Realignment and Closure Commission, and converted into the Baldwin Park neighborhood. The Naval Air Warfare Center had moved to Central Florida Research Park near UCF in 1989. Perhaps the most critical event for Orlando's economy occurred in 1965 when Walt Disney announced plans to build Walt Disney World. Although Disney had considered the regions of Miami