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International Business Times
International Business Times
Business
Kiran Tom Sajan

Disney, DeSantis Settle Dispute With 15-Year Development Deal

The Walt Disney World Resort, in the US state of Florida (Credit: AFP)

Disney and Florida Governor Ron DeSantis have concluded their long-standing dispute with an agreement allowing the entertainment giant to continue developing the Walt Disney World Resort near Orlando for the next 15 years.

According to the new deal with the Central Florida Tourism Oversight District, Disney has committed to investing at least $8 billion in the resort over the next decade, with a total investment of $17 billion projected over the next 10 to 20 years, Reuters reported.

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