Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight with each other, the two sides are set to approve an agreement that could result in the company investing $17 billion into its Florida resort, It will also open the door for a fifth major theme park.
FILE - The Cinderella Castle is seen at the Magic Kingdom at Walt Disney World, July 14, 2023, in Lake Buena Vista, Fla. Months after Disney and Florida Gov. Ron DeSantis' appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement Wednesday, June 5, 2024, 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.
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.
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 a Florida law critics dubbed “Don’t Say Gay.”
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