Disney Set to Build Fifth Major Theme Park at Florida Resort After $17 Billion Investment Deal

Orlando, Florida — The ongoing legal battle between Disney and Gov. Ron DeSantis’ appointees seems to be coming to a close with the approval of a new agreement. This agreement could potentially lead to Disney investing $17 billion into its Florida resort and even pave the way for a fifth major theme park at Walt Disney World.

The decision to vote on a new development agreement comes after a settlement in March ended various state court lawsuits between the two parties. The agreement, lasting 15 years, involves the Central Florida Tourism and Oversight District, previously controlled by Disney supporters until DeSantis’ appointees took over last year.

As part of the deal, Disney would be permitted to construct a fifth major theme park at Disney World, along with two additional minor parks. The company would also have the opportunity to increase the number of hotel rooms on its property and expand retail and restaurant space. To maintain an immersive environment, Disney would retain control over building heights.

In return for these developments, Disney would need to allocate up to 100 acres of its land for infrastructure projects controlled by the district. Furthermore, the company would be required to award at least half of its construction projects to Florida-based companies and invest in affordable housing for central Florida.

The legal disputes between Disney and DeSantis stemmed from the company’s opposition to Florida’s “Don’t Say Gay” law. This legislation, championed by DeSantis, prohibits classroom discussions on sexual orientation and gender identity in early grades. Following Disney’s vocal opposition, DeSantis took control of the district and appointed new supervisors, leading to litigation that lasted almost two years.

Prior to DeSantis’ takeover, Disney supporters on the district’s board had signed agreements giving Disney control over design and construction at Disney World. The new appointees claimed these agreements limited their authority, resulting in lawsuits to void them. With the March settlement, these legal battles were finally put to rest.