1. Trouble logging in? Send a message with your username & email address for help.
    Dismiss Notice

Disney in the Panhandle?

Discussion in 'Real Estate' started by Uncle Timmy, Feb 17, 2006.

  1. Uncle Timmy

    Uncle Timmy Beach Fanatic

    Joined:
    Nov 15, 2004
    Messages:
    1,019
    Likes Received:
    22
    Location:
    Blue Mountain Beach
    OK Folks, first a disclaimer: this one is straight off the rumor mill.

    I have now heard it from several independant sources so I'm going to throw this out there to see if anyone has heard this.

    Apparently Disney is looking at/has bought a large tract of land near Ebro, Florida.

    My sources are somewhat dubious; namely my parents (who heard about this while in Ebro recently); and my friends (who heard about it from people involved with Panama City Beach's Pier Park project.)

    Now I realize this sounds far fetched. Why would Disney put a theme park a few hours away from their mega-park complex in Orlando? I'm certainly skeptical but thought it would be fun to throw this out for general comment.
     
  2. Beachlover2

    Beachlover2 Beach Fanatic

    Joined:
    Jun 17, 2005
    Messages:
    795
    Likes Received:
    19
    Location:
    SoWal
    Wasn't this rumor debated here once before - except then I heard it was near Crestview.

    Rumors are always fun to hash out.
     
  3. Rudyjohn

    Rudyjohn SoWal Insider

    Joined:
    Feb 10, 2005
    Messages:
    7,744
    Likes Received:
    233
    Location:
    Chicago Area
    I remember hearing this about 10 yrs. ago, near Ebro.
     
  4. Chickpea

    Chickpea Beach Fanatic

    Joined:
    Dec 15, 2005
    Messages:
    1,151
    Likes Received:
    366
    Location:
    30-A Corridor
    I know nothing about this so I cannot contribute and I am sorry to start a new question (and Kurt will reprimand me!) but since you started a rumor I would like to start another which comes from a suppposedly reliable source (but don't they always!) that Fedex headquarters in Memphis will spread out and they are seriously thinking about the new Panama City Airport as one of several bases they will use....does anyone know anything about this?
     
  5. Lisa Ruby

    Lisa Ruby Beach Fanatic

    Joined:
    Jul 12, 2005
    Messages:
    1,332
    Likes Received:
    74
    Location:
    SoWal
    Haven't heard about the Fed Ex deal but the other rumor I've heard from several reliable sources, to be true, except it is Disney's Celebration division that builds residential communities.
     
  6. Atlanta Bo

    Atlanta Bo Beach Lover

    Joined:
    Jul 12, 2005
    Messages:
    64
    Likes Received:
    0
  7. Tatertot

    Tatertot Beach Lover

    Joined:
    Jan 17, 2006
    Messages:
    62
    Likes Received:
    0
    I heard a few months ago that disney was looking to purchase land in the panhandle too. Someone threw the name crestview into the rumor then too. I also heard Annheiser (sp?) Busch bought some land around here to possibly do a large theme park? My sources aren't all that reliable...just throwing out what I've been hearing.
     
  8. Amp22

    Amp22 Beach Fanatic

    Joined:
    Jan 11, 2005
    Messages:
    270
    Likes Received:
    1
    These rumors about theme parks come up every so often (probably started by realtors).

    I wouldn't be surprised to see it happen in the future when the airport and the cruise ships and the casinos start rolling into PCB.
     
  9. Franny

    Franny Beach Fanatic

    Joined:
    Mar 27, 2005
    Messages:
    4,048
    Likes Received:
    204
    Location:
    Pt. Washington
    Excuse me? Realtors? :idontno:
     
  10. Amp22

    Amp22 Beach Fanatic

    Joined:
    Jan 11, 2005
    Messages:
    270
    Likes Received:
    1
    80% of realtors (or anyone for that matter) will say anything to avoid reality. If there was a major park going in here then money would fall from the sky. And sales would pick up.
     
  11. Smiling JOe

    Smiling JOe SoWal Expert

    Joined:
    Nov 18, 2004
    Messages:
    31,648
    Likes Received:
    1,771
    ...because Panama City Beach is the number one driving destination in the southeastern United States.

    search back through the threads and you will see my posts regarding this matter. I can give you the specific property in question, but I have not heard of an executed contract yet.
     
  12. SHELLY

    SHELLY SoWal Insider

    Joined:
    Jun 13, 2005
    Messages:
    5,775
    Likes Received:
    802
    Come to think about it...I saw Chip & Dale cruising down 30-A in the back-seat of a leased Beamer with a Century 21 magnetic sign stuck to the door chauffeured by a buxom, Botoxed, bleached-blonde with a sprayed-on suntan. :eek: Maybe it is true!! (If you are insulted by the description --I wouldn't admit it if I were you.) ;-)

    Anything could happen....but I'd say Disney has got their hands full just trying to manage what they've got out there now. I don't know why they'd want to "cannibalize" their Orlando business by placing another theme park in Florida (especially since their California Adventure Theme Park tuned out to be a bomb). Their stock has been ho-hum (or "hi-ho-hi-ho-hum") for the last couple years. I expect going forward they will concentrate on digging their movie business out of the ditch, concentrating on their Hong Kong Disney Park (the Chinese have got all our money to spend); and trying to lure tapped-out US consumers to their current theme parks. But then again...anything can happen, if you wish upon a star (but investing in real estate based on "rumor"? NOT!). :cool:
     
  13. TN2FLA

    TN2FLA Beach Lover

    Joined:
    Jan 12, 2006
    Messages:
    73
    Likes Received:
    1
    Location:
    Dune Allen
    To lay one of the above rumors to rest, FedEx will not be putting a hub at the new airport as of this time...
     
  14. Bob

    Bob SoWal Insider

    Joined:
    Nov 16, 2004
    Messages:
    10,426
    Likes Received:
    1,247
    Location:
    O'Wal
    Yes Shelly, Disney is managing OK here in Orlando. 2005 attendance figures:Magic Kingdom 16.1 million,up 6.5%, Anaheim Disneyland 14.5 million up 8.5%. All of their other theme parks averaged 5% growth in attendance. The 7.5 billion dollar merger with Pixar brings Steve Jobs aboard as Pixar's CEO and now Jobs will join Disney's Board. Nice company in the "ditch" isn't it?
     
  15. Cork On the Ocean

    Cork On the Ocean directionally challenged

    Joined:
    Mar 29, 2005
    Messages:
    2,452
    Likes Received:
    76
    Location:
    Seacrest Beach
    Sorry I've been gone again guys. Went to NOLA but here's what we have. Would be interested in an email Joe regarding that parcel.

    When we heard the Disney rumors we started watching large land parcel sales, specifically in Washington County which is where the rumors we heard were talking about. We began watching Disney corporate reports and while they mention the new PC airport as being the only new international airport in the next few years, nothing at all could be found on any plans for the panhandle. Then we looked at the fact that the ex-honcho with Disney is now a honcho with St Joe and thought, hmmm, maybe.

    We then contacted Louis A. Mongello, Author of The Walt Disney World Trivia Book,Secrets, History and Fun Facts Behind the Magic who seems to watch Disney's activity very closely. His response to the Disney theory was:
    "I can say with relative certainty that it is not true, as Disney is lookingto expand its current properties, develop overseas, etc. Plus, I highlydoubt any new US theme park would be located in Florida. That being said, that is not to say that a new Disney DVC resort couldn'tbe planned for elsewhere in the US, including Florida.":idontno:

    Maybe that's where the Celebration people come in. Anyway this lead us to go down to the planning commission in Washington County. We were told by a clerk there that it's not Disney but Universal. We've been keeping this under our hat as again just another rumor. We mapped out the land parcels that are selling in blocks of 500 acres and they are in Vernon, north of airport.We haven't looked into Universal's corporate reports yet and no trend to a particular buyer,except what appears to be a couple of developers but when Disney boughtup Orlando,they bought it under a bunch of names that no one would ever catch onto so we're still watching the area and investigating the Universal rumor.

    I also received a call Friday from a corporate relocation company looking for a realtor.They said that they've been contacted by a large corporation looking to relocate several hundred employees into the area in the next 2 years. The target area is Panama City to Apalachicola. That's all we've got so far but haven't stopped poking yet. We have a mailing list of investors waiting for more info so email me if you have interest and we'll keep you posted if we come up with anything reliable.
     
  16. kurt

    kurt Admin Staff Member

    Joined:
    Oct 15, 2004
    Messages:
    7,054
    Likes Received:
    3,670
    Location:
    SoWal
    Wouldn't surprise me if lots of different investors and businesses were buying large parcels between PCB and I-10 along the 79 corridor which runs through Vernon. With the beach, the airport, and the interstate it will be a huge boom area in the near future. Think not only tourism, but manufacturing, distribution, and high tech.
     
  17. Cork On the Ocean

    Cork On the Ocean directionally challenged

    Joined:
    Mar 29, 2005
    Messages:
    2,452
    Likes Received:
    76
    Location:
    Seacrest Beach
    So maybe the sky isn't falling after all! :eek:
     
  18. Smiling JOe

    Smiling JOe SoWal Expert

    Joined:
    Nov 18, 2004
    Messages:
    31,648
    Likes Received:
    1,771
    As you mentioned Cork, we would not see Disney's name on any contracts with the present owner. Even smaller companies will use an intermediary, not connected to the primary name at all, to purchase property then sell it to the primary. It really makes good business sense to keep the competition away from one's business plans, and around here, if such a property like Disney might be interested in has not sold yet, but a deal exists, you could expect prices in that area to skyrocket overnight, thereby driving up prices.
     
  19. southof30A

    southof30A Beach Lover

    Joined:
    Nov 23, 2004
    Messages:
    213
    Likes Received:
    9
    Maybe a brand spankin' new oil refinery, steel mill and fish packing plant.
     
  20. Rita

    Rita margarita brocolia

    Joined:
    Dec 1, 2004
    Messages:
    5,183
    Likes Received:
    736
    Location:
    Dune Allen Beach
    CORK - Welcome back.

    This is all very interesting.... Thanks for sharing your info and for qualifying it!
     

Share This Page