A special Florida district that governs Walt Disney
World Resort has voted unanimously to approve the company’s plans for
expansion, officially ending the years-long feud between the House of Mouse and Florida Gov.
Ron DeSantis.
The Central Florida Tourism Oversight District
voted Wednesday 12 June in favor of Walt Disney Co.’s proposal to expand its
theme park complex in Orlando, including an $8-billion investment during the first 10 years and up to
$17 billion over the next 10 to 20 years.
The expansion is part of a major investment spree by the Burbank media
and entertainment giant into its so-called “experiences” division, which is
largely comprised of its theme park empire around the world. Disneyland Resort
in Anaheim is expected to expand as well, with an investment of at least $1.9 billion.
At Wednesday’s meeting, local tourism executives and board members alike
praised the benefits of the proposal and its potential economic effect on the
state.
“Walt Disney World is inextricably intertwined in
the fabric of the state of Florida, and the success of Walt Disney World is the
success of Central Florida,” board member Brian Aungst Jr. said during the meeting. “I was always
extremely optimistic and knew that we would get here because it’s the right
outcome.”
The path to Wednesday’s approval was long and winding…After Wednesday’s
vote, Walt Disney World Resort President Jeff Vahle cheered the outcome, saying
in a statement that the new development agreement
“paves the way for us to invest billions of dollars in Walt Disney World
Resort, supporting the growth of this global destination, fueling the Florida
economy, and allowing us to deliver even more memorable and extraordinary
experiences for our guests.”