Disney has purchased the BK Ranch, just southeast of Celebration, for $23 million. The BK Ranch is 965 acres, and is entitled for 3,000 homes and 378,000 square feet of commercial and office spaces.
The ranch is located on Old Tampa Highway. It is about a mile west of the Poinciana SunRail station. This was envisioned as a master-planned community that would compete directly with Celebration. The master plan even included plans for a grade school, high school, and parks.
The property has been for sale for over a decade. Hundreds of thousands of dollars have been spent by the current owners to get the ranch properly zoned and permitted by the U.S. Army Corps of Engineers and South Florida Water Management District.