A new development agreement has been reached between Walt Disney World and the Central Florida Tourism Oversight District. It will be discussed in a first reading and public hearing this June.
Disney & CFTOD Development Agreement
Announced by the District Clerk of the Central Florida Tourism Oversight District (CFTOD) via a legal notice in the May 29, 2024 edition of the Orlando Sentinel, CFTOD will hold a Board of Supervisors meeting on June 5, 2024 at 10:30 a.m. to conduct a first reading and public heading of the proposed development agreement between the CFTOD and Walt Disney Parks and Resorts.
The subject of the development agreement includes over 17,000 acres of land owned by Disney. The proposed agreement will encompass the development of properties including hotels, motels, offices, retail, restaurants, and theme parks.
Within the agreement specifics on the maximum size, height, and number of properties are listed. This includes a maximum of 53,467 rooms for all hotels on property, no more than five minor theme parks (i.e. water parks), and no more than five major theme parks (leaving room for the development of one additional theme park, though a fifth gate has not been announced).
This new development agreement comes after Disney and the CFTOD reached a settlement in their state lawsuit regarding development agreements Disney had in place with the former Reedy Creek Improvement District. The settlement rendered those previous development agreements null and void.
You can read the full legal notice as it appears in the Orlando Sentinel below:
Notice of Special Meeting & Public Hearing
You will please take notice that on June 5, 2024 at 10: 30 a.m., or as soon thereafter as practicable, the Board of Supervisors of the Central Florida Tourism Oversight District will meet in the board room at 1900 Hotel Plaza Boulevard, Lake Buena Vista, Florida to conduct the business of it published agenda posted at www.oversightdistrict.org and to conduct a first reading and public hearing on a proposed development agreement between the Central Florida Tourism Oversight District and Walt Disney Parks and Resorts U.S., Inc. pursuant to the Florida Local Government Agreement Act (sections 163.3220-3241, Fla. Stat.).
The land subject to the proposed development agreement is a majority of the land located within the jurisdictional boundaries of the Central Florida Tourism Oversight District owned by Walt Disney Parks and Resorts U.S., Inc, encompassing approximately 17,370.17 acres. The development uses, include Hotel/Motel, Office, Retail/Restaurant, Major Theme Park, and Minor Theme Park, with Hotel/Resort densities at a maximum of 53,467 keys. Office Building at a maximum of 1,258,564 square feet; Retail/Restaurant building intensities at a maximum of 1,732,887 square feet; Minor Theme Parks at a maximum of 5; and Major Theme Parks at a maximum of 5.
The maximum height proposed for development on the properties subject to the development agreement shall be the lesser of the requirements of the EPCOT Code and the FAA regulations.A copy of the proposed development agreement can be obtained upon a request to Katherine Luetzow Email: kluetzow@oversightdistrict.org, Phone: 407-840-1246, or it can be inspected in person at Central Florida Tourism Oversight District’s offices at 1920 East Buena Vista Drive, Suite A, Lake Buena Vista, Florida.
Interested parties may appear at the public meeting and hearing to be heard with respect to the proposed development agreement. If a person decides to appeal any decision made by the Board of Supervisors with respect to any matter considered at such meeting or hearing, he or she will need a verbatim record of the proceedings, which records inclusive the testimony and evidence upon which the appeal is to be based.
By: Alycia M Mills, District Clerk
Central Florida Tourism Oversight District
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