development agreement News

Disney Officially Drops Lawsuit Against Governor DeSantis, Ending Long-Running Legal Battle

June 13, 2024

Left: Bob Iger. Right: Governor Ron DeSantis.

Disney officially dropped their federal lawsuit against Florida Gov. Ron DeSantis after they and the Central Florida Tourism Oversight District successfully created a new development agreement. Disney Drops Federal Lawsuit Against DeSantis According to Associated Press, Disney asked a federal appellate court to dismiss their lawsuit on Thursday after the District’s Board of Supervisors approved … Read more

Oversight District Gives Final Approval of New Development Agreement with Walt Disney World That Allows a Fifth Gate

June 12, 2024

A view of cinderella castle with blue spires and pink walls, showcasing intricate architectural details and turrets against a clear blue sky, reminiscent of the enchanting scenery at Walt Disney World in Central Florida.

At their Wednesday, June 12 meeting, the Central Florida Tourism Oversight District Board of Supervisors officially approved their new development agreement with Walt Disney World. District Approves Development Agreement The motion was approved and authorized unanimously by the District board. The District and Disney created the new development agreement after they settled their lawsuits against … Read more

Oversight District Gives Initial Approval to $17 Billion Walt Disney World Development Agreement

June 5, 2024

The Central Florida Tourism Oversight District (CFTOD) has given initial approval for the Walt Disney World development agreement that the two parties created following the settlement of their lawsuits against each other. Walt Disney World Development Agreement Gets Initial Approval During a meeting on June 5, CFTOD board members reviewed a draft of the agreement … Read more

Full New Oversight District & Disney Development Agreement Released

June 4, 2024

walt-disney-world-entrance-western-way-completed_4

The Central Florida Tourism Oversight District has released their full development agreement with Walt Disney World. The two parties created the agreement after reaching a settlement in their lawsuits against each other. We first learned details of the agreement in late May. District & Disney Development Agreement The development agreement is in the meeting packet … Read more

Details Revealed of New Disney and Central Florida Tourism Oversight District Development Agreement

May 30, 2024

Front of Cinderella Castle and lantern at Magic Kingdom, Walt Disney World

Details about the new development agreement between Walt Disney World and the Central Florida Tourism Oversight District are out. The agreement comes after the two parties reached a settlement in their ongoing lawsuits. Disney and Oversight District Agreement Per the 15-year agreement, Walt Disney World will invest $17 billion in the development of its properties … Read more

Central Florida Tourism Oversight District to Discuss New Development Agreement with Walt Disney World

May 29, 2024

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 … Read more

DisneylandForward Proposal Commits $2.5 Billion for Disneyland Resort Expansion If Approved by City of Anaheim

February 12, 2024January 23, 2024

Bob Iger, Gavin Newson, and Josh D'Amaro with DisneylandForward map

According to The Orange County Register, Disney will commit to spending $2.5 billion on the Disneyland Resort over the next 10 years, as part of their DisneylandForward proposal with the City of Anaheim. Disney Commits to Spending $2.5 Billion with DisneylandForward The development agreement was presented on the afternoon of Tuesday, January 23, 2024, during … Read more