Disney announced on Thursday that they will be transforming the entertainment district at Florida's Walt Disney World into Disney Springs, a new dining, shopping, as well as, entertainment area that will double the size of the existing complex.

"Disney Springs will be a timeless, vibrant place where Walt Disney World guests and local residents can relax, shop, dine and be entertained in an imaginative setting where they'll instantly feel at home," said Tom Staggs, chairman of Walt Disney Parks and Resorts, in a Thursday press release, according to CNN.

The complex will be modeled after Florida's waterfront communities, it will feature, according to CNN, four outdoor neighborhoods with more than 150 shops, restaurants and other establishments. The four areas will be connected by a spring and lakefront.

"It will be a timeless, vibrant place where Walt Disney World guests and local residents can relax, shop, dine and be entertained in an imaginative setting where they'll instantly feel at home," said Tom Staggs, chairman of Walt Disney Parks and Resorts. "Featuring distinctive brands, world-class restaurants and unforgettable entertainment, Disney Springs will be brought to life with the same focus on storytelling and attention to detail that goes into our theme parks, resorts and cruise ships, resulting in a welcoming space that only Disney could create," the press release stated, according to cfnews13.com.

Though, Disney has been vague on actual details about specific experiences coming to The Springs, construction is scheduled to start in early April and sections will open in phases. The project is expected to be finished by 2016. The largest private single-site employer in central Florida, Disney estimates it will add 1,200 construction jobs and 4,000 operations jobs.

For those who feel that the pricing to enjoy "the happiest place on earth" is too expensive now, you ain't seen nothing yet.