Port Disney winning city. Formal negotiations for financial responsibility between Disney and Long Beach were scheduled to begin on September 12, 1990, after the city reviewed Disney's plans. Several independent analysts gave the edge to Port Disney, citing the uniqueness of the project and the lack of a similar nautical/ocean theme park in Los Angeles County since the 1987 closure of Marineland. In February 1991, Disney disclosed that it had been buying large tracts of land near Disneyland in Anaheim, although Disney vice-president of development David Malmuth said the land acquisition would not affect the decision between Anaheim and Long Beach, which
Walt Disney Parks and Resorts with double the expected guests. WED owned Santa Fe & Disneyland Railroad opened, too. On , Disney Production exercised its options to purchase all but AB-PT's common stock outstanding. This allowed WDP to consolidate DLI into its 1957 annual accounting statements adding four months worth of net profits, $511K. In June 1960, Walt Disney Productions completed the purchase of AB-PT's share of the company for nearly $7.5 million and its TV contract, and the theme park became a fully owned subsidiary of Walt Disney Productions. The first Audio-Animatronic attraction, Walt Disney's Enchanted Tiki Room, opened at Disneyland in 1963. Beginning