Disney plan calls for investing up to $17B in Orlando, DeSantis-backed district says
Florida’s tourism oversight district is poised to adopt a new development agreement with The Walt Disney Co. that officials say will bring up $17 billion of investments at Disney World over the next 10 to 20 years.
The district’s board will take up the plan on Wednesday, addressing a key source of contention between Gov. Ron DeSantis and Disney.
“With Walt Disney World’s substantial investments, we anticipate economic growth, job creation, and support for local businesses, alongside environmental stewardship and workforce housing initiatives, benefitting Central Florida’s community,” Stephanie Kopelousos, administrator of the Central Florida Tourism Oversight District, said in a prepared statement.
In the 15-year agreement, Disney pledges to fund at least $10 million in affordable housing projects and create a local business hiring program that would award a minimum of 50% of the value of all construction work to Florida-based businesses.
District officials say they have agreed to continue providing infrastructure to support Disney’s growth. Both parties would have to consent to changes to the plan, according to the district.
