More at the link, but looks like Kevin Yee got the scoop...
Bulldozers might soon push around dirt in an area called Walt Disney World's "Western Beltway Development," but they would not be preparing the land for any immediate construction.
Reedy Creek Improvement District filed paperwork Thursday seeking state permission to clear and excavate a small part of a 330-acre site at the interchange of the new State Road 429 expressway and Disney's Western Way entrance road.
This fall, unconfirmed Internet reports pinpointed the area as a future Disney hotel, condominium, shopping and dining district known as the "Western Beltway Development." Disney officials would not discuss plans for the site, and until now would not acknowledge a "Western Beltway Development" exists.
The grading application filed Thursday with South Florida Water Management District publicly names the area as "Western Beltway Development," defines it as 330 acres and identifies it with maps. The application includes a consultant's report that says the site likely would be for "hotels, clubs, restaurants and similar tourist commercial use."