Complex sentence: The Disney Village Marketplace and Pleasure Island would be folded into a newly-branded district called Downtown Disney, with the former renamed one more time on September 7,1997, as Downtown Disney Marketplace.
Split into simpler sentences: The Disney Village Marketplace and Pleasure Island would be folded into a newly-branded district called Downtown Disney. On September 7,1997, the Disney Village Marketplace was renamed one more time, to Downtown Disney Marketplace.