Epcot was the second theme park to be built at Walt Disney World. Epcot Center opened on October 1, 1982 and cost about one billion dollars. Walt Disney's original plans for EPCOT called for an "Experimental Prototype Community Of Tomorrow," a planned community where residents could live, work, and play in an environment like no other. The residents of EPCOT would be able to test out the latest technological advances available.
Walt Disney died in December of 1966 and was unable to refine his original ideas for EPCOT, but his idea was never forgotten. In 1975 Walt's predecessor, Card Walker (president of Walt Disney Productions 1971-1980) announced the newest undertaking of the company, the building of Epcot. It was decided that Walt Disney's original proposal for a planned community was unrealistic and that Epcot could not be a showplace and a place to live.