Hello Katherine! Welcome to the Disney Parks Moms Panel.
  Tony's Town Square Restaurant has the best location of any restaurant in all of Magic Kingdom. Not only is it conveniently located as the closest restaurant to the Main Gates, it is one of the few dining locations to offer a Advanced Dining Reservations for a view of the 
Disney Festival of Fantasy Parade from your table. 
 Featuring traditional Italian Fare and inspired by the classic Disney film "Lady and the Tramp", Tony's Town Square Restaurant is a Table Service Dining Experience that may be redeemed on the 
Disney Dining Plan as a single Table Service Credit. 
 When you make your 
Advanced Dining Reservations, the terms and conditions for potential cancelations will be outlined within an email sent to the address connected to your 
My Disney Experience Account. When my family booked Advanced Dining Reservations for Tony's Town Square Restaurant last year, the policy was that we were to cancel our reservations up to 24 hours in advance to insure that we were not charged a cancelation fee. 
 If you are unable to book Advanced Dining Reservations during the Disney Festival of Fantasy Parade, be sure to look into the 
Disney Festival of Fantasy Parade Dining Package for VIP viewing of the Parade for Dining at Tony's Town Square Theater. 
 Bon Appétit! 
 ~Todd