In 1960, Walt Disney Productions bought ABC's share of the theme park.
Despite the problems on the opening day, Disneyland was clearly an enormous success.
It attracted visitors worldwide in unprecedented volume.
Construction began on July 18, 1954 and would cost US$17 million to complete. Because of his brother Roy's distrust of the project, and because of financial considerations, Walt Disney was forced to turn to outside financing for his theme park.
For the first five years of its operation, Disneyland was owned by Disneyland, Inc., of which Walt Disney Productions and ABC each owned half.
Disneyland is dedicated to the ideals, the dreams, and the hard facts that have created America, with the hope that it will be a source of joy and inspiration to all the world.” Disneyland Park, originally and colloquially known as Disneyland, is the first and original Disney theme park at the Disneyland Resort in Anaheim, California and is owned and operated by the Walt Disney Company. Disney, Disneyland has become the world's most famous themed amusement park and one of the most visited sites in the world.
Here age relives fond memories of the past, and here youth may savor the challenge and promise of the future.
The asphalt that had been poured just the night before was so soft that ladies' high-heeled shoes sank in. A gas leak in Fantasyland caused Adventureland, Frontierland, and Fantasyland to close for the afternoon.
Parents were throwing children over the shoulders of crowds to get in line for rides such as Dumbo the Flying Elephant.
Difficulties in obtaining funding caused Disney to investigate new ways of raising money.