Oriental Land wants to spend $2.68 billion to expand the park's area by about 30%. The money will be spent on new attractions and efforts to ease traffic congestion, according to the Nikkei Asian Review.
Tokyo Disney welcomed 16.54 million people last year with another 13.64 million visiting its sister park Tokyo DisneySea.
In order to make room for the expansion, Oriental Land plans to spend more than 10 billion yen to build a roughly 4,000 vehicle multi-story car garage.
More of What's Trending on TheStreet: