Home Business Disney picks developer for inexpensive housing mission

Disney picks developer for inexpensive housing mission

ORLANDO, Fla. (AP) — Walt Disney World has picked a developer to assemble and function an inexpensive housing growth on 80 acres of land donated by the leisure firm, firm officers mentioned Wednesday. The Michaels Group will construct, personal and function the 1,300-unit growth meant to ease the housing marketplace for service employees in metro Orlando, the place it has develop into more and more tough for lower-wage employees to search out locations to reside. The models shall be out there to certified candidates who’re Disney staff or members of the general public. Disney introduced the plans for the event earlier this yr however launched new particulars Wednesday. Disney, the metro space’s largest employer, will personal the land, and the event shall be owned by The Michaels Group. Housing costs in metro Orlando, in addition to different elements of Florida, have soared in recent times. Crosstown rival Common Parks and Resorts additionally lately introduced plans to construct a 1,000-unit mixed-income group that gives tuition-free preschool and medical care on web site.

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