Last week, Walt Disney World Resort and the Central Florida Tourism Oversight District reached a new development agreement. The board has officially voted to advance the development proposal.
What’s Happening:
- This morning, the Central Florida Tourism Oversight District board unanimously voted to advance a new development agreement with Walt Disney World.
- A final hearing and action will take place next week on June 12th at 7:30PM ET.
- The deal approved significant financial investments for the resort over the next few decades.
- According to the deal, Disney will invest $8 billion over the next decade with a potential for an additional $9 billion investment in the decade following.
- The 15-year agreement could bring huge and exciting changes to the resort in the form of attractions, hotels, and improved facilities. This includes the potential of a 5th major theme park, two minor parks, and 14,000 more hotel rooms.
- You can read more details about the development agreement here.
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