Disney Buys National Harbor Land

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Walt Disney Parks and Resorts bought 15 acres of land at National Harbor, which it is considering as a location for a resort and hotel across the Potomac River from Old Town, according to a spokesman for The Peterson Companies, the landowner.

Disney purchased the Maryland property for $11 million.

Were thrilled Disney has decided to invest in National Harbor, said Milton V. Peterson, chairman of the Peterson Companies. Disney is the top family entertainment company in the world, and its purchase is a great vote of confidence in the future of National Harbor and the Washington area as a top family tourism destination.

National Harbor has become a tourism partner of sorts with Alexandrias Old Town waterfront, where a water taxi connects the two destinations.

This is not the first time Disney has dabbled in the region. The theme park giant attempted to build a patriotic-themed amusement park in Prince William County but the idea was shot down by locals.

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