The Walt Disney Co. is considering a $1 billion expansion of the Disneyland Resort and is asking the city of Anaheim to forgo a tax on theme park admission tickets for 30 years in return.

The Orange County Register reports that the company announced plans for new attractions, a new parking structure with at least 5,000 spots and other improvements to the massive theme park complex.

On July 7, the City Council will hold a public hearing to consider extending the current entertainment tax exemption for Disney that started in 1996 and expires June 30, 2016.

Disney officials said Thursday they don’t know whether the expansion would be an addition to Disneyland, Disney California Adventure or both. Any park expansion is contingent on approval of the ticket-tax exemption.

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Information from: The Orange County Register, www.ocregister.com

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

Photo Credit: Disney is considering a $1 billion expansion to Disneyland Resort and wants a three-decade long tax break to go with it. Pictured is the main entrance to Disneyland in Anaheim, California. Disney