Disneyland Park was arguably Walt Disney’s riskiest venture. It was developed on a shoestring budget and made possible only through Disney’s relationship with ABC Television and a 1HAND of brave corporate sponsors. The capital available was barely 2SUFFICIENCY to acquire the property and build the park; nothing was left over for the development of hotels or the 3ACQUIRE and improvement of property adjoining the park. Even the Disneyland Hotel, connected to the theme park by monorail, was owned and operated by a third party until 1989. Disneyland’s success spawned a wave of development that 4RAPID surrounded the theme park with whimsically themed mom-and-pop motels, souvenir stands, and fast –food restaurants. Disney, still deep in debt, looked on in abject shock, 5POWER to intervene. In fact, the Disneyland experience was etched so deeply into the Disney corporate 6CONSCIOUS that Walt purchased 27,500 acres and established an 7AUTONOMY development district in Florida (unaccountable to any local or county authority) when he was ready to launch Disney World. Though the Florida project gave Disney the opportunity to develop a destination resort in a totally controlled environment, the steady decline of the area 8CIRCLE Disneyland continued to rankle Walt.