DH grew up in the Houston area and he said the rumor about Disney buying land in The Woodlands area has been around since the 70s. For those not familiar with the area, it's very close to Houston's main airport, plus there's Hobby for Southwest flights. It's a low crime area, beautiful and heavily forested, just off an interstate, upscale with lots of shopping, etc. In other words, if someone could put together enough land for a Disney park, this would be a great place to put it. Smack dab between
Disneyland and Disney World, weather similar to Florida, plus a gateway to Central and South America. But the way land has been bought up around there, I don't know if it could ever happen. Ten years ago, maybe. Now...not so much.
But I don't see Disney laying out the kind of money to open a new place anyway.