Five appointees of Gov. Ron DeSantis voted to approve the agreement this week.
Disney and appointees of Florida Gov. Ron DeSantis have officially approved an agreement that could result in the company investing $17 billion into its Florida properties, as well as a potential fifth major theme park.
The DeSantis-appointed supervisors of the Central Florida Tourism and Oversight District -- formerly the Reedy Creek Improvement District -- are one step closer to cementing a final agreement with Walt Disney Parks and Resorts U.S., after the appointees unanimously voted Wednesday to accept proposed revisions and approve the new development agreement.
"Disney is currently planning up to $17 billion of capital investments within the district in the next 10 to 20 years, with a commitment of $8 billion in the next 10 years," she said. "There are provisions for by local initiatives, including a minimum of 50% of goods and services related to the design, development and construction, to be retained with Florida businesses.
Luetzow said their staff reviewed this agreement and recommended the board review and approve this development agreement.
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