Epcot (originally named EPCOT Center) is a theme park at the Walt Disney World Resort in Bay Lake, Florida. It is owned and operated by the Walt Disney Company through its Parks and Resorts division. Inspired by an unrealized concept developed by Walt Disney, the park opened on October 1, 1982 and was the second of four theme parks built at Walt Disney World, after the Magic Kingdom. The park's name, EPCOT, is an acronym for Experimental Prototype Community of Tomorrow, a utopian city of the future planned by Walt Disney, often interchanging "city" and "community." In Walt Disney's words: "EPCOT will take its cue from the new ideas and new technologies that are now emerging from the creative centers of American industry. It will be a community of tomorrow that will never be completed but will always be introducing and testing, and demonstrating new materials and new systems. And EPCOT will always be a showcase to the world of the ingenuity and imagination of American free enterprise."