Walt Disney World Company and Resorts U.S., Inc. in March 2009. 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
Magic Kingdom 2001, due to the terrorist attacks that day. In addition, there are four "phases" of park closure when Magic Kingdom exceeds capacity, ranging from restricted access for most guests (Phase 1) to full closure for everyone, even cast members (Phase 4). "Magic Kingdom" was often used as an unofficial nickname for Disneyland before Walt Disney World was built. The official tagline for Disneyland is "The Happiest Place On Earth", while the tagline for Magic Kingdom is "The Most Magical Place On Earth". Up until the early 1990s, Magic Kingdom was officially known as Walt Disney World Magic Kingdom, and was