Orlando's already booming economy will grow even more with the announcement of a new park from Disney.
Walt Disney World Resort made international headlines yesterday when documents revealed that the Central Florida Disney Park essentially made its Reedy Creek Improvement District powerless for decades before handing it over to Governor Ron DeSantis’s hand-picked committee.
The Walt Disney Company used a “royal lives clause” to enact strict covenants on the new Central Florida Tourism Oversight District that rendered it practically useless until “21 years after the death of the last survivor of the descendants of King Charles III, King of England….”
What does that mean for Orlando?
Along with more tourists filling the parks and airports, it means stability for the economy and job growth for years to come. That is music to investors' ears as it creates a need for accommodations and more real estate. With the need for housing on the rise for short-term rentals, many developers have opted for what is known as master-planned communities or MPCs. Everest Place is also an MPC because it offers not only the housing element but also creates an all-inclusive environment that has shopping, dining, entertainment, and in Everest Place's case, a medical center and more. Investors are hungry to buy up not only condos but plots of land for commercial renovations. If you would like more information on how to get a luxury condo at
Everest Place contact us today!
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