Disney and Florida officials have now reached a settlement in their legal dispute regarding the tax district that encompasses the renowned resort of the entertainment behemoth.
A lawsuit has been filed by the Central Florida Tourism Oversight District board against Disney.
The dispute revolves around an agreement that was made between the previous board members and the corporation, prior to their replacement by Governor Ron DeSantis.
The new settlement, which invalidated the previous agreement, was praised by both Disney and DeSantis’ office.
According to DeSantis communications director Bryan Griffin, Disney has acknowledged that the settlement renders the previous agreement obsolete.
According to Walt Disney World Resort President Jeff Vahle, the settlement has established a solid foundation for future investments in the resort.
Disney executives have previously expressed concerns that the ongoing dispute with DeSantis could have a detrimental effect on the company’s investments in the state.
In 2022, a heated dispute ignited between the governor of Florida and a prominent entertainment company.
The catalyst for this clash was Disney’s public opposition to the state’s proposed Parental Rights in Education bill.
Florida Republicans have taken aim at the Reedy Creek Improvement District, which has granted Disney various tax breaks and privileges in the vicinity of Walt Disney World, in response to Disney’s recent activism.
In February 2023, DeSantis took action by signing legislation that eliminated the special district and established the Central Florida Tourism Oversight District board.
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