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8 mentions found


☆ DeSantis tourism board approves $17 billion development deal with Disney that could pave the way for a 5th theme park
  + stars: | 2024-06-13 | by ( Lauren Edmonds | Erin Snodgrass | ) www.businessinsider.com   time to read: +4 min
Read previewCentral Florida's tourism district unanimously approved a $17 billion development deal with Disney that could mean a new era for the company's profitable theme parks. Members of the Central Florida Tourism Oversight District's board of supervisors pushed through the landmark deal on Wednesday evening during a meeting at its Lake Buena Vista headquarters. "This agreement is a big win for central Florida and will lead to numerous jobs and improved guest experiences." It will also permit Disney to build a fifth major theme park and two minor theme parks — something Disney fans have fantasized about for years. The development deal also authorizes Disney to add more rooms to its Central Florida hotel and expand its retail and restaurant space.
Persons: —, Ron DeSantis, Joe Burbank, Brian Aungst, Charbel Barakat, DeSantis, Bryan Griffin, Disney hasn't, George Miliotes Organizations: Service, Disney, Central, Central Florida Tourism, Business, Florida Gov, Orlando Sentinel, Tribune, Getty, Walt Disney, Communications, Wine Bar Locations: Central Florida, Buena Vista, Disney, Florida, Disney Springs
☆ Disney and DeSantis-backed board ‘come to their senses’ in new agreement
  + stars: | 2024-06-12 | by ( Natasha Chen | ) edition.cnn.com   time to read: +7 min
“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, and vice versa,” he said. The Disney World resort is currently home to four theme parks and two water parks. It’s been 26 years since Disney has opened a new theme park in Florida,” said Dennis Speigel, owner and founder of International Theme Park Services, a global consultant for theme park projects. Orlando is the Mecca of the theme park industry, and for it to function, Disney and Florida have to function together.”
Persons: Disney, Ron DeSantis, “, ”, Aubrey Jewett, Brian Aungst Jr, Walt, Jeff Vahle, CFTOD, It’s, Dennis Speigel, DeSantis, Bob Chapek, Walt Disney, ” Jewett, Reedy, Jewett, Speigel Organizations: CNN, Disney, Walt Disney, University of Central, Walt Disney World, Walt, World, Park, Universal, Improvement, ” Locations: Florida, Central Florida, University of Central Florida, Reedy, Disney, Orlando, Mecca
☆ 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
☆ DeSantis board accuses Disney of controlling previous one with gifts
  + stars: | 2023-12-04 | by ( Dawn Chmielewski | ) www.reuters.com   time to read: +5 min
It found the board was "inverted to serve Disney," which held voting control of the prior board of supervisors. The Central Florida Oversight Board will meet Wednesday to vote whether to accept the report, which was prepared for the board by a group of experts. In what Disney described as retaliation, the Florida legislature in February replaced the old board with a new Central Florida Oversight District, whose five supervisors are handpicked by DeSantis. In April, Disney sued Florida in federal court, claiming DeSantis and his allies of "weaponizing" state government to punish Disney for exercising its free speech rights. The DeSantis-appointed oversight board counter-sued in state court, seeking to void the "backroom deals" favorable to the entertainment giant.
Persons: Octavio Jones, Ron DeSantis, Walt Disney's, Disney, DeSantis, flagrantly, John Classe, Dawn Chmielewski, Ken Li, Lisa Shumaker Organizations: Walt Disney, REUTERS, Walt, Disney, DeSantis, Central, Central Florida Tourism, Florida Oversight, Reuters, American Express, Florida, Thomson Locations: Orlando , Florida, U.S, Florida, Reedy, Central Florida, New York
☆ Disney goes on offense in DeSantis board's lawsuit, seeks damages for breach of contract
  + stars: | 2023-08-18 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +3 min
Spokespeople for the board and Disney did not immediately respond to CNBC's requests for comment. Disney's requests came in a 55-page filing denying the district board's allegations in its state-level lawsuit against the entertainment giant. The company seeks damages over the alleged breach, as well as a court order for the district to comply with development contracts that are at the heart of the legal fight between Disney and DeSantis. Disney has filed counterclaims, including a breach of contracts claim, against the board of supervisors picked by DeSantis to oversee Walt Disney World's special tax district, a Thursday court filing shows. Ron DeSantis may say he's " moved on " from his long-running feud with Disney , but the House of Mouse isn't easing up.
Persons: DeSantis, Spokespeople, Ron DeSantis, Walt, Donald Trump, Bob Iger, — Organizations: Disney, Walt Disney, Florida Gov, Improvement, Walt Disney World, Central, Republican, CNBC Locations: Central Florida, Florida, Orange County , Florida
☆ Disney loses bid to dismiss or pause DeSantis board's state case
  + stars: | 2023-07-28 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +3 min
A judge on Friday denied Disney 's bid to dismiss or pause a state court lawsuit related to its bitter feud with Florida Gov. Soon after, DeSantis and his allies in the state's GOP-led Legislature moved to dissolve Disney World's special district. The board voted in April to void those deals, and Disney sued in federal court, accusing DeSantis of orchestrating a "relentless campaign to weaponize government power." The CFTOD board countersued days later in state court. In May, Disney asked the court to dismiss that case, arguing in part that it was moot after DeSantis signed additional legislation that voided the company's development contracts.
Persons: Ron DeSantis, DeSantis, Disney's, Disney, Margaret Schreiber, Donald Trump's Organizations: Disney, Florida Gov, GOP, Improvement, Central Locations: Orlando, Disney's Orlando, Florida, Central Florida
☆ Ron DeSantis orders Florida's inspector general to see if Disney execs were personally involved with making the loophole to thwart him
  + stars: | 2023-04-03 | by ( Rebecca Cohen | ) www.businessinsider.com   time to read: +3 min
Ron DeSantis wants Florida's inspector general to look into the loophole that a Disney-backed board used to thwart his plan. The last-minute agreement hamstrings DeSantis' board, keeping them from having any real power for decades. DeSantis asked the state's inspector general to specifically look into whether Disney's executives, staff, or agents were involved in the scheme. In a letter dated Monday, DeSantis called on Inspector General Melinda Miguel to look into the agreement, which he said was "designed to usurp the authority of the CFTOD board." Still, the feud between DeSantis and Disney is likely entering a new phase, as the governor declared last week that the fight against the entertainment giant wasn't over.
☆ Ron DeSantis calls for Florida probe into Disney's crafty legal maneuver
  + stars: | 2023-04-03 | by ( Sarah Whitten Kevin Breuninger | Sarah Whitten | Kevin Breuninger | ) www.cnbc.com   time to read: +3 min
Florida Governor Ron DeSantis speaks during an event on his nationwide book tour at Adventure Outdoors, the largest gun store in the country, on March 30, 2023 in Smyrna, Georgia. Disney didn't immediately respond to a request for comment about DeSantis' desire for a probe. The agreement was signed on Feb. 8, the day before the Florida House voted to put DeSantis in charge. The Florida governor took aim at Disney after the company publicly balked at Florida's HB 1557 law early last year. HB 1557, dubbed by critics as the "Don't Say Gay" bill, limits early education teachings on sexual orientation or gender identity.
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