Disney and DeSantis Reach 15-Year, $17 Billion Development Agreement

Jun 13, 2024, 07:59 AM

Disney and Florida Governor Ron DeSantis have reached an agreement, ending their prolonged dispute. The Central Florida Tourism Oversight District (CFTOD) board has given final approval to a new 15-year development agreement with Walt Disney World. The deal includes a $17 billion investment from Disney over the next 10-20 years, with at least $8 billion to be spent over the next decade. This agreement paves the way for potential expansions, including the possibility of a fifth theme park. The settlement also marks the end of all litigation between Disney and the DeSantis-backed board. The news was reported by NYT and involves Disney's stock ticker $DIS.