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☆ Disney agrees to settle Florida lawsuit with special district backed by DeSantis
▼ + stars: | 2024-03-27 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Central Florida Tourism Oversight District board chairman Martin Garcia, right, delivers remarks as Florida Gov. Ron DeSantis listens during a news conference at CFTOD headquarters at Walt Disney World on Thursday, Feb. 22, 2024, in Lake Buena Vista, Florida. Disney agreed Wednesday to end litigation in state court involving a Florida special tourism district that the entertainment giant effectively controlled for more than five decades until last year after Gov. The lawsuit was originally filed in state court by the Central Florida Tourism Oversight District to void agreements the old district board had signed with Disney right before it was dissolved at DeSantis' behest after Disney opposed Florida's "Don't Say Gay" bill backed by the governor. Walt Disney World President Jeff Vahle, in a statement, said "We are pleased to put an end to all litigation pending in state court in Florida between Disney and the Central Florida Tourism Oversight District.

Persons: Martin Garcia, Ron DeSantis, Disney, Jeff Vahle, Vahle, DeSantis Organizations: Florida Gov, Walt Disney, Disney, Gov, Central, DeSantis, Republican Locations: Florida, Lake Buena Vista , Florida, Orlando, Central Florida

The Walt Disney Company and Gov. Ron DeSantis of Florida have reached a settlement over control of a special tax district that includes the Disney World theme park in Orlando, the company said on Wednesday. “We are pleased to put an end to all litigation pending in state court in Florida,” Jeff Vahle, president of Walt Disney World, said in a statement. Disney and Mr. DeSantis have been fighting for two years over Disney World, the 25,000-acre theme park and resort complex south of Orlando and one of the state’s largest employers. In response to Disney’s criticism of a Florida education law that opponents called “Don’t Say Gay,” Mr. DeSantis took over the tax district, appointing a new board and ending the company’s long-held ability to self-govern Disney World as if it were a county.

Persons: Ron DeSantis, “, ” Jeff Vahle, DeSantis, ” Mr Organizations: Walt Disney Company, Gov, Disney, Walt Disney Locations: Florida, Orlando

☆ Disney and Florida reach a deal, putting their legal war on hold
▼ + stars: | 2024-03-27 | by ( Grace Eliza Goodwin | Madeline Berg | ) www.businessinsider.com time to read: +4 min

Disney World and Florida have settled their legal dispute. The board of the Central Florida Tourism Oversight District — which was DeSantis hand-picked to take control of Disneyworld's special tax district — agreed on Wednesday to settle the state lawsuit brought by Disney. AdvertisementBut just before DeSantis' allies took over the board, Disney's outgoing board members passed an agreement stripping the board of much of its power, effectively hamstringing DeSantis' incoming board. Related storiesNow, as part of the Disney-proposed settlement, Disney will agree to return power to the DeSantis-appointed board, which can now have a say in development plans and expansion. The settlement also instructs the tourism board to consult with Disney as it reviews and amends planning documents for the Disney World site.

Persons: Disney execs, DeSantis, Ron DeSantis, —, Bob Iger, Disneyworld, hamstringing, Iger, Disney, Charbel Barakat, Disney — I'm, Barakat, Walt, Jeff Vahle, Donald Trump, Nikki Haley, Egan, Jones, Nelson Peltz Organizations: Disney, Florida Gov, Service, Central, Improvement, DeSantis, Walt Disney World, Associated Press Locations: Florida, Central Florida, Reedy, Disney

☆ Florida to place leadership of Disney's special operating district under DeSantis' control
▼ + stars: | 2023-02-10 | by ( Rob Wile | ) www.cnbc.com time to read: +3 min

One of those procedures concerns the district's ability to raise taxes and issue bonds to build and maintain infrastructure serving the Walt Disney World Resort. And the district will be renamed: From the Reedy Creek Special Improvement District to the Central Florida Tourism Oversight District. "Until Governor DeSantis acted, the Walt Disney Company maintained sole control over the District," a spokesman for the governor said in a statement. Disney is monitoring the legislation, Jeff Vahle, president of Walt Disney World Resort, said in a statement. But construction still appears to be progressing on a Disney office campus in Lake Nona, roughly 20 miles east of Disney World.

☆ Florida governor gains control over Disney district board
▼ + stars: | 2023-02-10 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

[1/4] Sunlight breaks through clouds near Disney World in Orlando, Florida, U.S. September 8, 2017. REUTERS/Gregg Newton/File PhotoFeb 10 (Reuters) - Florida lawmakers on Friday granted Governor Ron DeSantis effective control of the board that oversees development in and around Walt Disney Co's (DIS.N) central Florida theme parks, escalating the Republican's battle with the company. DeSantis' spokesperson Bryan Griffin said the prior system, under which the Florida legislature in 1967 gave Disney sole control over the district, lacked accountability. Disney World is the largest employer in central Florida with close to 75,000 employees and drew 36.2 million visitors in 2021, according to the Themed Entertainment Association. The new bill preserves the Reedy Creek special district, though within two years it will be renamed Central Florida Tourism Oversight District.

☆ Florida governor assumes control over Disney district board
▼ + stars: | 2023-02-10 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +4 min

Feb 10 (Reuters) - Florida lawmakers granted Governor Ron DeSantis effective control of the board that oversees development in and around Walt Disney Co's (DIS.N) central Florida theme parks, escalating the Republican's battle with the emblematic company. The board members will be confirmed by the Senate, and will have no involvement in the day-to-day operations of the theme parks. "Reedy Creek gifted extraordinary special privileges to a single corporation," DeSantis' spokesman Bryan Griffin wrote on Twitter. Disney World is the largest employer in central Florida with close to 75,000 employees, drawing 36.2 million visitors in 2021, according to the Themed Entertainment Association. The new bill preserves the Reedy Creek special district, though within two years it will be renamed Central Florida Tourism Oversight District.

☆ Disney has bigger problems than Ron DeSantis
▼ + stars: | 2023-02-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

But there are problems with spinning off ESPN, even if it would raise cash and allow Disney to trim debt. Labor painsUnionized rank-and-file workers at Disney World last week voted 96% against a contract offer from Disney that would have given them raises of at least $1 a year over the next five years. The company called the rejected wage proposal a “very strong offer.”But the last thing that Iger or Disney needs is to upset the strong demand for travel to Disney World or other park locations. Political battles in FloridaThe political culture wars are yet another headache for Iger, as Disney faces the possible loss of the powers it has to operate as a government-like entity for the land on which Disney World operates. “We are monitoring the progression of the draft legislation, which is complex given the long history of the Reedy Creek Improvement District,” said Jeff Vahle, president, Walt Disney World Resort.

☆ Disney's strategy to win its battle with DeSantis is to just wait until he runs for president, says a top Florida Democrat
▼ + stars: | 2023-02-06 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

Disney will sue Florida for dissolving its self-governing status, predicted Democratic state Sen. Jason Pizzo. Florida lawmakers are deciding Disney's financial fate this week. Ron DeSantis will be to simply run out the clock, a top Florida Democrat predicted Monday. Other areas state lawmakers will consider would allow Florida to transport migrants from other states and to give the state more power to prosecute election fraud. Today, more than 40 lobbyists represent Disney before the Florida legislature, according to an Insider review of lobbying disclosures.

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