Disneyland Resort has unveiled an ambitious plan to invest more than $2 billion in Anaheim over the next decade as part of its DisneylandForward initiative. This substantial commitment comes through a proposed development agreement with the City of Anaheim, aiming to update land use agreements and repurpose existing parking areas for new attractions and hotels.

The proposed agreement serves as an amendment and extension of the 1996 development agreement between the city and the resort, which initially facilitated the late-1990s expansion. Originally set to expire in 2036, the new agreement extends the deal through 2064. Disneyland is actively seeking the City of Anaheim’s approval for the DisneylandForward proposal, which seeks to modernize land use agreements and unlock opportunities for further development.

Under this proposed development agreement, Disney pledges a minimum expenditure of $1.9 billion within the first 10 years after approval. This substantial investment is earmarked for new attractions, entertainment offerings, and lodging facilities. Additionally, Disney commits $45 million for street improvements in Anaheim and allocates $40 million for the acquisition of specific areas, including Magic Way, Hotel Way, and part of Clementine Street.

Furthermore, the agreement introduces a unique financial incentive structure. Disney is obligated to pay an additional $5 million for street improvements if the total spending on new attractions does not reach at least $2.5 billion within the first decade of the new agreement.

Beyond the realm of entertainment, Disney demonstrates a commitment to community development. The proposed plan includes a total expenditure of $30 million on affordable housing projects within five years, with half of that amount dedicated in the agreement’s inaugural year. Additionally, Disney pledges $10 million for sewer improvements along Katella Avenue and $8 million to enhance city parks across Anaheim within the first year.

Moreover, Disney commits to supporting worker education and development programs for both its employees and up to 10,000 Anaheim residents annually. Disneyland Resort President Ken Potrock emphasizes the significance of these initiatives, stating, “We are proud that DisneylandForward will provide many important benefits directly to the residents of Anaheim.”

The development agreement also incorporates plans for up to three pedestrian bridges over Harbor Boulevard and potentially two more across Disneyland Drive. These bridges are envisioned to provide convenient access for visitors while avoiding street-level crossings, similar to pedestrian bridges in other destinations.

City and Disney officials have outlined a timeline for the proposed plan. A city Planning Commission workshop on DisneylandForward is anticipated next month, followed by a Planning Commission vote in March. If approved, DisneylandForward and the new Development Agreement will undergo a preliminary City Council vote in April, with potential final approval in May. The officials remain optimistic about the positive impact of this transformative project on both Disneyland Resort and the city of Anaheim.