Disney and the state of Florida have settled a legal battle for control of the district that oversees development around the companys theme parks.
The deal resolves litigation in state court accusing the entertainment giant of covertly cobbling together a series of eleventh-hour deals to illicitly retain the powers that allowed it to oversee development around its sprawling theme park.
This agreement opens a new chapter of constructive engagement with the new leadership of the district and serves the interests of all parties by enabling significant continued investment and the creation of thousands of direct and indirect jobs and economic opportunity in the State, said Jeff Vahle, president of Walt Disney World Resort, in a statement.
The deal was approved by members of the board of the Central Florida Tourism Oversight District, who were handpicked by Gov. Ron DeSantis after he took over the special tax district following Disneys opposition to the so-called Dont Say Gay law, which restricts instruction in the classroom on gender identity and sexual orientation.