ORLANDO, Fla. — Months after Disney and Gov. Ron DeSantis' appointees fight, the two sides are set to approve an agreement 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.
The agreement between Disney and the Central Florida Tourism and Oversight District would last for the next 15 years. The district provides municipal services such as firefighting, planning and mosquito control, among other things. It was controlled by Disney supporters for most of its five decades until it was taken over by the DeSantis appointees last year.
In exchange, Disney would be required to donate up to 100 acres of Disney World's 24,000 acres for the construction of infrastructure projects controlled by the district. The company also would need to award at least half of its construction projects to companies based in Florida and spend at least $10 million on affordable housing for central Florida.
The 2022 law bans classroom lessons on sexual orientation and gender identity in early grades and was championed by the Republican governor, who used Disney as a punching bag in speeches until he As punishment for Disney’s opposition to the controversial law, DeSantis took over the governing district through legislation passed by the Republican-controlled Florida Legislature and appointed a new board of supervisors.
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