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 name of the Orlando franchise in the NBA. The name "Magic" alludes to the area's biggest tourist attraction and economic engine Walt Disney World, along with its Magic Kingdom. Hewitt added that "You look at all the aspects of Central Florida, and you find it really is an exciting place, a magical place." Many, including Williams himself at first, thought that Miami or Tampa were better locations in Florida for a franchise, given Orlando was a small town lacking a major airport and a suitable arena. Hewitt brought investors such as real estate developer William DuPont, Orlando Renegades owner Don