Disney's Venetian Resort was to be a Disney-owned Deluxe resort to be located at Walt Disney World in Lake Buena Vista, Florida, that originally would have begun operation on October 1, 1971. It was going to be themed after Venice, Italy, located on Seven Seas Lagoon. Due to the 1973 Oil Embargo, the resort, along with Disney's Asian Resort and Disney's Persian Resort were never built. In the late 1980s to early 1990s, Michael Eisner saw how well Disney's Grand Floridian Resort was doing and wanted an even better resort. The idea for the Venetian was scrapped for Disney's Mediterranean Resort. The location of the Venetian Resort was selected for the Mediterranean as well. Unfortunately, it was found the location chosen would have needed an extremely deep foundation. The land in the late 1990s was even cleared for the building.