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The 50th anniversary statues will be on display for 18 months since that’s how long the event is set to last. Whether Splash Mountain will undergo its updating in that period or not is unclear. Magic Kingdom may not want to see a major attraction close during such an event, but it would seem likely that even if it waits a year and a half, the update will start soon thereafter. The 50th anniversary statues may remain after the event is over, but if they are removed, odds are that space will be taken up by something else new.