Disney has purchased the rights to develop Trinity’s property in The West Village section of New York City. The property will be the new site of Disney’s New York operations. Under a transaction valued at $650 million, Disney will acquire the rights to develop the 4 Hudson Square site for 99 years.
In a release Disney says the project will create thousands of jobs during the development and construction of the site. When finished it will serve as the new home for much of ABC’s production in New York, including Live with Kelly and Ryan, The View and WABC-TV (Eyewitness News) Good Morning America will stay at its current location in Times Square.