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Disney & Florida Planning New Development Agreement Worth Up To $17B, Would Add 5th Park At Walt Disney World

05.06.2024 - 23:37

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After years of acrimony between Disney and Florida Gov. Ron DeSantis, the two sides are working on a new development agreement that would provide assurances and guardrails for the Bob Iger-run behemoth as it plans to expand near Orlando.

In exchange, the State of Florida would see up to $17 billion in investment from Disney over “the next ten to twenty years.” It also sets the stage for a fifth park at the resort.

While the cessation of hostilities is good for all involved, the monetary commitment from Disney is more a renewal of vows than an new promise.

The corporation has repeatedly promised over several years to invest $17 billion in and around Disney World and hire over 10,000 new parks employees in the state over the 10 years.

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