How Much Did it Cost to Build Magic Kingdom in Disney World?
The Magic Kingdom was built in 1971 at a cost of $17 million. This was the first installment of the Walt Disney World Resort in Orlando, Florida. The building was done in phases and the cost of the total project is estimated to be around $400 million.
Cost of Construction
The construction of Magic Kingdom cost $17 million in 1971. This included the purchase of the land and the cost of building the park. The cost of the project was significantly higher than the amount initially planned by Disney executives.
Cost of Land Acquisition
The land acquisition cost of the Magic Kingdom project was estimated to be around $5 million. This included the purchase of more than 27,000 acres of land in the Orlando area.
Cost of Developing the Park
The development of the park cost an estimated $12 million. This included the cost of building the rides, attractions, and other amenities for the park.
Total Cost of Magic Kingdom
The total cost of the Magic Kingdom project is estimated to be around $400 million. This includes the cost of land acquisition, construction, and development of the park.
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