NEWS: Board Approves Disney’s $17 Billion Expansion Plans

The latest MASSIVE agreement between Disney and Florida has PASSED.

Magic Kingdom

Last month, the Central Florida Tourism Oversight District – – the restructured Ron DeSantis-approved board – – reached a new development agreement with the company. Under this new development agreement, over $17 billion worth of investments will go to Disney World over the next 10–20 years.

Tonight, June 12th, the board held a second vote that formally approved the new plan. Board members were unanimous in their approval.

The plan is “mutually beneficial to both parties and the Central Florida community,” said CTFOD Vice Chair Charbel Barakat.

Disney World

The new agreement, which came as the result of a March legal settlement between Disney and the state, presents potential for massive growth at Walt Disney World. It promises investments in hotel rooms, and restaurant and retail space. Most interestingly, the agreement also gives Disney the approval to build fifth major theme park and two more minor parks, such as water parks on property.

This NEW deal between Disney and Florida paves the way for the future of Walt Disney World for decades to come. Stay tuned to AllEars for more coverage of this new agreement.

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What are you hoping to see come to Walt Disney World in the next decade? Let us know in the comments below. 

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