Walt Disney World Company - AbsoluteAstronomy.com

The Walt Disney World Company manages and operates the Walt Disney World Resort

Walt Disney World Resort

Walt Disney World Resort , is the world's most-visited entertaimental resort. Located in Lake Buena Vista, Florida ; approximately southwest of Orlando, Florida, United States, the resort covers an area of and includes four theme parks, two water parks, 23 on-site themed resort hotels Walt...

near Orlando, Florida

Orlando, Florida

Orlando is a city in the central region of the U.S. state of Florida. It is the county seat of Orange County, and the center of the Greater Orlando metropolitan area. According to the 2010 US Census, the city had a population of 238,300, making Orlando the 79th largest city in the United States...

. The resort land is owned by the Walt Disney World Company, the Walt Disney Travel Company

Walt Disney Travel Company, Incorporated

The Walt Disney Travel Company, Incorporated, along with the Walt Disney World Company, the Walt Disney World Hospitality and Recreation Corporation and the Reedy Creek Improvement District, owns the land in the Walt Disney World Resort...

, and the Walt Disney World Hospitality and Recreation Corporation

Walt Disney World Hospitality and Recreation Corporation

The Walt Disney World Hospitality and Recreation Corporation, along with the Walt Disney World Company, Walt Disney Travel Company, Incorporated, and the Reedy Creek Improvement District, owns the land in the Walt Disney World Resort...

. All are wholly owned subsidiaries of The Walt Disney Company

The Walt Disney Company

The Walt Disney Company is the largest media conglomerate in the world in terms of revenue. Founded on October 16, 1923, by Walt and Roy Disney as the Disney Brothers Cartoon Studio, Walt Disney Productions established itself as a leader in the American animation industry before diversifying into...

. The Reedy Creek Improvement District

Reedy Creek Improvement District

The Reedy Creek Improvement District is the immediate governing jurisdiction for the land of the Walt Disney World Resort. As of the late 1990s, it comprised an area of within the outer limits of Orange and Osceola counties in Florida...

is the immediate governing jurisdiction for the land located in the cities of Bay Lake

Bay Lake, Florida

Bay Lake is a city in Orange County, Florida, United States. The population was 23 at the 2000 census. According to the U.S Census estimates of 2005, the city had a population of 22. It is named after Bay Lake, a lake east of the Magic Kingdom. Most of the Walt Disney World Resort, including...

and Lake Buena Vista

Lake Buena Vista, Florida

Lake Buena Vista is a city in Orange County, Florida, United States. It is mostly known for being home to the Walt Disney World Resort. It is one of two Florida municipalities controlled by The Walt Disney Company, the other being Bay Lake....

. The Walt Disney World Company is the Orlando area's largest employer, with approximately 57,000 employees, known as "Cast Members".

History

Compass East Corporation was incorporated in Delaware

Delaware

Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...

on December 7, 1964. On September 30, 1966, Latin-American Development and Management Corporation, Ayefour Corporation (a pun on Interstate 4

Interstate 4

Interstate 4 is a intrastate Highway located entirely within the state of Florida, United States. It goes from Interstate 275 in Tampa, Florida to Interstate 95 at Daytona Beach, Florida . It also has the Florida Department of Transportation designation of State Road 400, but only a small...

), Tomahawk Properties, Incorporated, Reedy Creek Ranch, Incorporated, and Bay Lake Properties, Incorporated, all Florida

Florida

Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...

corporations, were merged into Compass East Corporation. These companies were responsible for buying up the land that would become the Walt Disney World Resort

Walt Disney World Resort

; there were many companies used in order to obscure the purpose of the companies.

The Reedy Creek Drainage District, later renamed the Reedy Creek Improvement District

Reedy Creek Improvement District

, was incorporated on May 13, 1966 to manage the land owned by the Compass East Corporation. On September 26, 1967, Compass East Corporation was renamed to Walt Disney World Company. By this time, most of the land had been bought and the news of the Walt Disney World Resort

Walt Disney World Resort

was public.

The Walt Disney World Company was reincorporated in Florida on September 30, 1997. On January 26, 1998, Ranch and Grove Holding Corporation, which had owned some of the land in the Walt Disney World Resort

Walt Disney World Resort

since April 12, 1972 was merged into the Walt Disney World Company. Reedy Creek Energy Services, Incorporated, originally known as Reedy Creek Utilities Company, Incorporated was merged into the Walt Disney World Company on September 30, 1999. On October 2, 2000, MDMP Corporation, which had been deeded many improvements in the Walt Disney World Resort

Walt Disney World Resort

on December 20, 1996, was merged into the Walt Disney World Company.

External links

Orange County Property Appraiser list of WDWC property in Orange County, Florida
Orange County, Florida
Orange County is a county located in the U.S. state of Florida and is part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area . As of 2010 U.S. Census, the county had a population of 1,145,956....

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History

See also

External links