Walt Disney World Company Walt Disney World Company Walt Disney World Company was created in 1967 as the company that owned and operated Walt Disney World near Orlando, Florida. The resort opened in 1971 and the land was owned by Walt Disney World Company, Walt Disney Travel Company, and Walt Disney World Hospitality and Recreation Corporation. In 2009 the name was changed to Walt Disney Parks and Resorts U.S., Inc., a subsidiary of Walt Disney Parks, Experiences and Consumer Products a subsidiary of The Walt Disney Company, and is based in Lake Buena Vista, Florida. Reedy Creek Improvement District is the immediate governing jurisdiction
Orlando Magic Dizney, and Southern Fruit Citrus owners Jim and Steve Caruso, and talked the Orlando city officials into approving an arena project. Meanwhile, Williams gave presentations to NBA commissioner David Stern and the owners of the other teams of the league that the town was viable. The Magic were one of the four new expansion franchises awarded by the NBA in 1987 along with the Charlotte Hornets, Miami Heat and Minnesota Timberwolves. Initially, the NBA was planning to expand by three teams, with one franchise going to Florida; however, when both Miami and Orlando ownership groups made successful pitches, the expansion