Peru’s El Comercio newspaper recently posted an article stating the entertainments conglomerate was planning a multi-billion dollar development south of the country’s capital, Lima.

While blogs and other dailies have speculated the possibilities of a theme park in Peru, one of the country’s leading news agencies subsequently reported that Disney had no interest in building one of its iconic theme parks in the region.

Peru.com cited Maria Adela Lavalle, head of Disney’s corporate communications in Latin America, as stating: "We completely deny the construction of a theme park in Peru."