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| Formerly |
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|---|---|
| Company type | Subsidiary |
| Industry | Theme parks |
| Founded | December 7, 1964; 60 years ago (1964-12-07) |
| Headquarters | Lake Buena Vista, Florida, United States |
| Brands | |
| Services | Theme parks |
| Parent | Disney Parks, Experiences and Products (The Walt Disney Company) |
Walt Disney Parks and Resorts U.S., Inc. is the legal entity that owns and operates Walt Disney World in Florida, as well as Disneyland in Anaheim, California.
The company is a subsidiary of Disney Parks, Experiences and Products which is a subsidiary of The Walt Disney Company, and is based in Lake Buena Vista, Florida.
History
Compass East Corporation was incorporated in Delaware on December 7, 1964. On September 30, 1966, Latin-American Development and Management Corporation, Ayefour Corporation (a pun on Interstate 4, or I-4, which was being built at the time), Tomahawk Properties, Incorporated, Reedy Creek Ranch, Incorporated, and Bay Lake Properties, Incorporated, all Florida corporations, were merged into Compass East Corporation. These companies were responsible for buying up the land that would become Walt Disney World; many companies were used in order to obscure their singular purpose.
Reedy Creek Drainage District, later renamed 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 Walt Disney World Company. By this time, most of the land had been bought and the plan for Walt Disney World was public.
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 Walt Disney World since April 12, 1972 was merged into Walt Disney World Company. Reedy Creek Energy Services, originally known as Reedy Creek Utilities Company became a subsidiary of Walt Disney World Company on September 30, 1999. On October 2, 2000, MDMP Corporation, which had been deeded many improvements in Walt Disney World on December 20, 1996, was merged into Walt Disney World Company.
References
- "Pavement Impact Mitigation Agreement" (PDF). City of Anaheim. 12 January 2010. Archived (PDF) from the original on 15 July 2020. Retrieved 15 July 2020.
- "Company Overview of Walt Disney Parks and Resorts U.S., Inc". Bloomberg. Archived from the original on 5 February 2018. Retrieved 4 February 2018.
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