The Cinderella Castle is seen at the Magic Kingdom at Walt Disney World, July 14, 2023, in Lake Buena Vista, Fla. ORLANDO, Fla. - Allies of Gov. Ron DeSantis and Disney reached a settlement agreement Wednesday in a state court fight over how Walt Disney World is developed in the future following the takeover of the theme park resort's government by the Florida governor.
The agreement came a day after the appointment of a new board member, replacing a DeSantis-appointed board chairman who was a Disney critic. Under the deal, covenants and a development agreement Disney supporters on the board made with the company just before the state takeover would be dropped and the new board agreed to operate under an earlier plan.
“I'm glad that they were able to do that settlement,” DeSantis said. “Those 11th hour covenants and restrictions were never going to be valid. We knew that.” Under the terms of Wednesday's settlement agreement, Disney lets stand a determination by the board of DeSantis appointees that the comprehensive plan approved by the Disney supporters before the takeover is null and void. Disney also agrees that a development agreement and restrictive covenants passed before the takeover are also not valid, according to the settlement terms.
“Disney has an interest in ending this and so does the oversight board,” he added. “So, they both win.”
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: LegInsurrection - 🏆 3. / 95 Read more »