According to the LA Times, Star Wars Land will be located in the Big Thunder Ranch area but will NOT replace Toontown.
http://www.latimes.com/entertainmen...tar-wars-themed-lands-d23-20150815-story.html
http://www.latimes.com/entertainmen...tar-wars-themed-lands-d23-20150815-story.html
Not unlike Universal Orlando’s Wizarding World of Harry Potter, the new “Star Wars” areas will be fashioned into an immersive environment evoking the franchise’s universe. Iger described it as a “remote port, one of the last stops before wild space,” complete with droids, aliens and humanoid characters — and, yes, a cantina.
“We’re currently casting for roles,” Iger said. “The attractions, the entertainment — everything we create will be part of our storytelling. Nothing will be out of character or stray from the mythology.”
Showing off a brief piece of concept video featuring spacecraft flying over an alien city, Iger said that the new “Star Wars”-themed areas will include a re-creation of the Millennium Falcon, in which guests can take the controls for a “customized secret mission,” along with an immersive attraction that will put attendees into “a climactic battle between the First Order and the Resistance.”
The new land is targeted to replace Disneyland’s Big Thunder Ranch and take over backstage areas currently not accessible to guests, a company spokesperson said, adding that speculation “Star Wars” would replace or impinge on Mickey's Toontown was unfounded.