On Wednesday, the Central Florida Tourism and Oversight District will vote on an agreement with Disney World that could lead to a $17 billion investment in the theme park. The deal, which may last 15 years, permits Disney to expand its hotel rooms, retail, and restaurant space. The district, which provides services such as firefighting and planning, was previously controlled by Disney supporters but was taken over by Governor Ron DeSantis' appointees in 2023.
Under the agreement, Disney may also develop a fifth major theme park and two minor parks, such as water parks, over the next decade or two. In return, Disney must donate up to 100 acres for infrastructure projects, "award at least half of its construction projects to Florida-based companies.".. and spend at least $10 million on affordable housing for Central Florida.
Information for this article was obtained from ABC Action News Tampa Bay (WFTS).
ORLANDO, Fla. — Just months after Disney reached a settlement with Governor Ron DeSantis' appointees, the two parties will vote on an agreement that could result in the investment of $17 billion into Walt Disney World and the opening of its fifth major theme park. The agreement between Disney and the Central Florida Tourism and Oversight District could last fifteen years. Under the deal, Disney may also increase the number of hotel rooms and retail and restaurant space.
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