Florida government records or credible news sources

Disney and Florida Reach $17 Billion, 15-Year Development Deal, Ending 'Don't Say Gay' Dispute

Jun 13, 2024, 03:15 PM

Disney has reached a significant agreement with the Central Florida Tourism Oversight District (CFTOD) and Florida Governor Ron DeSantis, ending a two-year conflict sparked by the company's opposition to the 'Don't Say Gay' law. The deal includes a 15-year development plan for Walt Disney World, with Disney committing to invest up to $17 billion over the next 10-20 years, including at least $8 billion over the next decade. The agreement allows Disney to develop the Walt Disney World Resort near Orlando, potentially including the construction of a fifth theme park. This development follows Disney's decision to drop its federal appeal in its First Amendment lawsuit against DeSantis. Additionally, Disney has resumed handing out thousands of dollars in benefits to Florida lawmakers, including Republicans who supported the 'Don't Say Gay' law. The resolution of this dispute marks a new chapter in the relationship between Disney and Florida's political leadership.