— Disney is looking to make the theme park experience more fun, according to its plans for a new resort in the Bahamas.
Disney plans to open a $7.4 billion resort in a sprawling tropical paradise, a development that includes more than two dozen themed parks, hotels and restaurants.
Disney has about $7 million in investment in the new resort, including the theme parks and restaurants, the company said Monday in an announcement.
The resort is part of a $4 billion plan to develop Disney theme parks in the Caribbean and the Caribbean.
Disney is a subsidiary of Darden Restaurants.
Disney says it has about 1,100 employees in the country.
It also has a partnership with the United Nations Development Program, which has helped fund the resort, that will provide up to 1,400 jobs and more than 2,500 full-time positions in the area.
Disney’s plans also include a new $7-million beachfront park that will open later this year.
“We are excited about this exciting development,” said Mark Zirkelbach, president and chief executive officer of Dillard Restaurants, in a statement.
“It will create jobs and strengthen the economies of the region, as well as enhance the world-class dining and entertainment experience that is at the heart of DORALS vision for a dynamic resort and community.”
The resort, named The Place, is scheduled to open in 2022.
It will have about 8,500 hotel rooms, 1,600 restaurants and shops and more like 300 theme-park rides.
The park is expected to have a combined capacity of about 30,000 people.
Disney announced plans for the resort in December, when it opened a park in the northern Bahamas and plans for more in the southern Bahamas and Jamaica.
It has also set aside $1.5 billion to help the local economy.
Disney said it has already secured financing for construction and that the resort will be a $2 billion, privately-owned investment.
Disney did not say how much of the resort’s cost is expected from the government.
The island’s economy is estimated to be worth about $2.8 billion.