Walt Disney and his brother Roy mortgaged everything they owned to raise $17 million to build Disneyland, they fell short of what they needed. ABC Television stepped in, guaranteeing a $6 million loan in exchange for part ownership and Disney’s commitment to produce a weekly television show for ABC.
Disneyland was dedicated at an International Press Preview event that was held on Sunday, 17 July 1955 and opened to the general public the following day. Fifty + years later over 600 million guests have entered the Magic Kingdom. From A to E tickets to theme parks around the world, the 20 million dollars spent in the fifties has become an amazing global icon possibly even beyond Disney’s own fantastical dreams.