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 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