Disney receives key approval to expand Southern California theme parks [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
The Anaheim City Council voted unanimously Tuesday to approve the plan to transform Disney's 490-acre (488-hectare) campus in densely-populated Southern California by moving parking to a multi-story structure and redeveloping a massive lot with new entertainment and rides. It was a second, required vote for the plan after the council gave initial approval last month. The approved zoning changes and ordinances require another 30 days for changes to take effect. The proposal doesn't expand the parks' physical footprint but will help Disney create new, immersive experiences for visitors by building a land such as the snow-covered hamlet of Arendelle from “Frozen” or the critter-filled metropolis of “Zootopia.” It requires Disney to invest at least $1.9 billion in the project over the next decade and spend tens of millions of dollars on street improvements, affordable housing and other infrastructure in the city of 345,000 people. It's the first time Disney has sought a major change
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