Disney and Gov. Ron DeSantis' appointees are on the verge of finalizing an agreement that could see Disney investing $17 billion into its Florida resort and potentially adding a fifth major theme park at Walt Disney World. The agreement, set to be approved by the five DeSantis-appointed supervisors overseeing the Disney World district, follows a settlement in March that ended a lengthy legal battle between the two parties.
The new development agreement, spanning 15 years, would allow Disney to expand its offerings significantly. Over the next decade or two, Disney could construct a fifth major theme park, along with two minor parks like water parks. The company may also increase its hotel room count from nearly 40,000 to over 53,000 rooms and expand retail and restaurant space by more than 20%. Disney would maintain control over building heights to preserve its immersive environment.
