Magician Doug Henning says he and Indian guru Maharishi Mahesh Yogi will build a $1 billion theme park in Orlando, Fla., practically in Walt Disney World's back yard, featuring magic and Eastern-style meditation.

The park will open in 1993 on 450 acres and offer 38 major attractions focusing on the themes of knowledge, enlightenment and entertainment, he said.It will include a courtyard of illusions and a building apparently suspended above water.

The park will be the flagship of similar parks in the Netherlands, Brazil, Canada and Japan, Henning was quoted as telling The Orlando Sentinel.

The Maharishi has been credited with spreading transcendental meditation worldwide. He oversees a conglomerate with assets of about $3 billion.