Disney Deal Opens Door for New Park
The proposed $17 billion development agreement between Disney and the state of Florida could lead to a fifth major theme park at the Orlando complex and includes an $8 billion investment by Disney in the state’s infrastructure.
The entertainment company settled its legal battles against Gov. Ron DeSantis and his appointees in March as negotiations began on the new partnership.
As part of the deal, Disney says it will hire over 10,000 new employees over the next decade, invest $10 million in low-cost housing, and spend billions on public improvements.
In return for the investment, Disney will be granted the right to add a fifth theme park to the Magic Kingdom, EPCOT, Hollywood Studios, and Animal Kingdom. It also has the right to add hotel rooms and retail and restaurant space.
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