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 the Walt Disney World resort at a project cost of US$300 million. In April 1985, Disney signed a licensing agreement with MGM, giving Disney the right to use the MGM name, logo and movie library for this third park. Construction of the Disney-MGM Studios theme park began in 1986. Disney-MGM Studios opened on May 1, 1989, along with a Pleasure Island entertainment area; its second water park, Disney's Typhoon Lagoon, opened on June 1. In 1983, Walt Disney World Village's name was changed to the Disney Village Marketplace. A new themed area, Mickey's Birthdayland, opened in the Magic Kingdom near