DIS - Disney Vs. Ron DeSantis: Mouse House And Florida Governor Settle Dispute Clearing Path For 15-Year Expansion Plan | Benzinga
In a significant development, Disney (NYSE:DIS) and Florida Governor Ron DeSantis (R-Fla.) have settled their longstanding disagreement, enabling Disney to proceed with its 15-year expansion plan for the Walt Disney World Resort near Orlando.
What Happened: Under the new agreement with the Central Florida Tourism Oversight District, Disney has pledged to invest a minimum of $8 billion in the resort over the next decade, with a total of $17 billion to be invested over 10 to 20 years, Reuters reported on Thursday. The deal also includes an expansion of an affordable housing initiative and a commitment that at least 50% of total spending in the expansion will benefit Florida businesses.
The agreement also allows Disney to build a fifth theme park, expand retail ...