In the Annual Meeting of Shareholders, Disney CEO Bob Iger spoke about the recent settlement reached between Disney and the Central Florida Tourism Oversight District. The agreement, which you can read in full below, essentially served as a reset between DeSantis’ District and the Company.
As part of the agreement, the state-level lawsuits will be dropped, a development plan will be rolled back to a pre-DeSantis version, and Disney will be involved in drawing up the development plans of the future, among other bulletpoints.
Iger called the agreement a “win-win” noting that it allows Disney to move forward with planned investments in the Florida theme parks at Walt Disney World.
…and by the way, the agreement we reached with the Central Florida Tourism Oversight District last week, will actually enable us to pursue the kinds of investment in our Florida parks that you’re talking about. We achieved a win-win result with that deal in terms of our ability to pursue future development opportunities, but also in terms of the thousands of direct and indirect jobs and economic opportunities in the state that will come with our investment in new projects. So as we’ve discussed regarding our $60 billion capital expenditure plans, there’s much more coming to our parks around the world – including in Florida.
Disney/CFTOD Agreement
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