Key takeaways:
- The new board appointed by Florida Governor Ron DeSantis to oversee Disney’s special taxing district is considering legal action over a multi-decade agreement reached between the entertainment giant and the outgoing board.
- The agreement gives Disney control over much of its vast footprint in Central Florida for 30 years, and stipulates that the board can’t take significant action without first getting approval from the company.
- The agreement has been met with criticism from local residents and activists, who argue that it gives Disney too much control over the area.
In a major development, the new board appointed by Florida Governor Ron DeSantis to oversee Disney’s special taxing district is considering legal action over a multi-decade agreement reached between the entertainment giant and the outgoing board.
The agreement, which was quietly approved on February 8, gives Disney control over much of its vast footprint in Central Florida for 30 years. It also stipulates that the board can’t take significant action without first getting approval from the company.
The five board members appointed by DeSantis to oversee the Reedy Creek Improvement District expressed their frustration at a meeting of the Central Florida Tourism Oversight District on Wednesday. They said that the previous board members had signed an agreement with the company that gave Disney maximum development power over the theme park resort’s 27,000 acres.
The new board is now exploring its legal options to challenge the agreement. It is unclear what action the board will take, but it is clear that the agreement has raised serious concerns among the new board members.
The agreement has been met with criticism from local residents and activists, who argue that it gives Disney too much control over the area. They have called on the board to take action to protect the interests of the local community. It remains to be seen what action the board will take in response to the agreement.
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