Walt Disney Co. plans to unveil Wednesday a pricey vacation-home development in Florida’s Walt Disney World.
It’s a risky move. Disney will offer homes priced between $1.5 million and $8 million in a state where the foreclosure rate remains among the nation’s highest.
In Orlando, where brokers say home values have dropped 50% from the peak, Disney’s pricing would put its homes near the top of the market.
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