Current:Home > MarketsOliver James Montgomery-Now that the fight with DeSantis appointees has ended, Disney set to invest $17B in Florida parks -Wealth Evolution Experts
Oliver James Montgomery-Now that the fight with DeSantis appointees has ended, Disney set to invest $17B in Florida parks
Surpassing Quant Think Tank Center View
Date:2025-04-09 04:01:53
ORLANDO,Oliver James Montgomery Fla. (AP) — Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement that could result in the company investing $17 billion into its Florida resort and opens the door to a fifth major theme park at Walt Disney World.
The five DeSantis-appointed supervisors who oversee the Disney World district will vote Wednesday on a new development agreement that both sides had agreed to negotiate after a March settlement ended their state court lawsuits against each other.
The agreement between Disney and the Central Florida Tourism and Oversight District would last for the next 15 years. The district provides municipal services such as firefighting, planning and mosquito control, among other things. It was controlled by Disney supporters for most of its five decades until it was taken over by the DeSantis appointees last year.
Under the deal’s terms, during the next decade or two, Disney would be approved to build a fifth major theme park at Disney World and two more minor parks, such as water parks. The company could raise the number of hotel rooms on its property from almost 40,000 rooms to more than 53,000 rooms and increase the amount of retail and restaurant space by more than 20%. Disney would retain control of building heights due to its need to maintain an immersive environment.
In exchange, Disney would be required to donate up to 100 acres (40 hectares) of Disney World’s 24,000 acres (9,700 hectares) for the construction of infrastructure projects controlled by the district. The company also would need to award at least half of its construction projects to companies based in Florida and spend at least $10 million on affordable housing for central Florida.
The settlement in March ended almost two years of litigation that was sparked by DeSantis’ takeover of the district from Disney supporters following the company’s opposition to Florida’s so-called “Don’t Say Gay” law.
The 2022 law bans classroom lessons on sexual orientation and gender identity in early grades and was championed by the Republican governor, who used Disney as a punching bag in speeches until he suspended his presidential campaign this year.
As punishment for Disney’s opposition to the controversial law, DeSantis took over the governing district through legislation passed by the Republican-controlled Florida Legislature and appointed a new board of supervisors. Disney sued DeSantis and his appointees, claiming the company’s free speech rights were violated for speaking out against the legislation. A federal judge dismissed that lawsuit in January, but Disney appealed. As part of the March settlement, Disney agreed to put on hold the appeal of the federal lawsuit.
Before control of the district changed hands from Disney allies to DeSantis appointees early last year, the Disney supporters on its board signed agreements with Disney shifting control over design and construction at Disney World to the company. The new DeSantis appointees claimed the “eleventh-hour deals” neutered their powers and the district sued the company in state court in Orlando to have the contracts voided.
Disney filed counterclaims that included asking the state court to declare the agreements valid and enforceable. Those state court lawsuits were dismissed as part of the March settlement.
___
Follow Mike Schneider on X, formerly known as Twitter: @MikeSchneiderAP.
veryGood! (141)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Natural Gas Rush Drives a Global Rise in Fossil Fuel Emissions
- Zendaya’s Fashion Emergency Has Stylist Law Roach Springing Into Action
- Why Chris Pratt and Katherine Schwarzenegger’s Wedding Anniversary Was Also a Parenting Milestone
- 'We're reborn!' Gazans express joy at returning home to north
- Breaking Bad Actor Mike Batayeh Dead at 52
- Dissecting ‘Unsettled,’ a Skeptical Physicist’s Book About Climate Science
- Here's why insurance companies might increase premiums soon
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Emily Blunt Shares Insight into Family Life With Her and John Krasinski’s Daughters
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Seeing Clouds Clearly: Are They Cooling Us Down or Heating Us Up?
- As Nations Gather for Biden’s Virtual Climate Summit, Ambitious Pledges That Still Fall Short of Paris Goal
- Kendall Jenner and Bad Bunny’s Matching Moment Is So Good
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- What's Next for Johnny Depp: Inside His Busy Return to the Spotlight
- Proof Tom Holland Is Marveling Over Photos of Girlfriend Zendaya Online
- July Fourth hot dog eating contest men's competition won by Joey Chestnut with 62 hot dogs and buns
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Blake Shelton Finally Congratulates The Voice's Niall Horan in the Most Classic Blake Shelton Way
Chief Environmental Justice Official at EPA Resigns, With Plea to Pruitt to Protect Vulnerable Communities
The story behind the flag that inspired The Star-Spangled Banner
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Get $95 Worth of Peter Thomas Roth Skincare Masks for 50% Off
The Senate Reinstates Methane Emissions Regulations Rolled Back by Trump, Marking a Clear Win for Climate Activists
Roller coaster riders stuck upside down for hours at Wisconsin festival