Tropical Americas, Monstropolis and Piston Peak under simultaneous construction; FY2026 capex guided to $9 billion, 30% of it allocated to technology
Aerial view of the Tropical Americas construction site at Disney's Animal Kingdom, showing a circular steel framework and the frame of a large show building; the inset is the completed-area rendering. Image: WESH 2 (NBC) broadcast screen capture.
The Walt Disney Company is running simultaneous construction across four Florida properties on a schedule designed to deliver roughly one major new land per year beginning in 2027. First is Animal Kingdom's Tropical Americas, an 11-acre, billion-dollar replacement for DinoLand U.S.A., followed by Monstropolis at Hollywood Studios and Piston Peak National Park and Villains Land at Magic Kingdom.
The cycle traces back to a structural break in the Central Florida market: when Universal Orlando opened its fourth gate, Epic Universe, in May 2025, multi-day visitor demand in the region was split between two four-park resorts for the first time. With no single resort able to claim a family's entire trip, Disney has turned the speed of converting library IP into physical space into a competitive instrument.