economie

Disney’s new development deal with DeSantis could pave the way for a Disney World expansion of mythic proportions

Florida Gov. Ron DeSantis.

The pending development agreement between the tourism board and Disney comes after a contentious legal battle — initiated by DeSantis — that began in April 2022.

The legal battle began when Disney publicly opposed DeSantis’s so-called “Don’t Say Gay” bill. DeSantis lashed out at the entertainment conglomerate and attempted to upend a long-standing arrangement that allowed Disney to self-govern through its Reedy Creek Improvement District.

DeSantis gained control of the Reedy Creek Improvement District in February 2023. His administration renamed it the Central Florida Tourism Oversight District and DeSantis appointed its board supervisors, effectively removing Disney’s autonomy over development in the area.

The former Reedy Creek Improvement District board members tried to push through a development deal before they were ousted. But after a series of court battles, Disney and the new tourism board finally reached a settlement in March.

That settlement nullified the last-minute deal the former Reedy Creek board members pushed through. The settlement then suggested Disney and the new board work together on a new development deal.

Read the original article on Business Insider

https://www.businessinsider.com/disney-world-desantis-development-deal-fifth-theme-park-2024-6