Settlement Agreement Reached Between Florida Governor Ron DeSantis Allies and Disney for Governance of Walt Disney World

In a groundbreaking development, allies of Florida Governor Ron DeSantis and Disney have finally reached a settlement agreement regarding the governance of Walt Disney World. This agreement comes after a lengthy legal battle that began almost two years ago.

The dispute between the two parties was ignited by Disney’s criticism of a state law that restricted the teaching of sexuality in schools. In response, Governor DeSantis passed legislation that stripped Disney of its self-governing authority, a power the company had held for over 50 years. This move gave Governor DeSantis more control over the governance of the park.

However, before the board changed hands, Disney supporters on the board signed agreements with the company that shifted control of certain aspects of Disney World to the company. This led to a lawsuit between the district and Disney, with both parties countersuing each other.

In a meeting on Wednesday, members of the Central Florida Tourism Oversight District board approved a settlement agreement. Disney’s president, Jeff Vahle, expressed his satisfaction with the agreement, stating that it opens a new chapter of constructive engagement with the new leadership of the district.

Under the terms of the agreement, it was acknowledged that the signing over of control to Disney before the board changed hands was “null and void.” This marks a significant shift in the governance of the city-sized theme park, which has been operated by Disney since 1971.

The resolution of this dispute paves the way for continued investment and job creation in the state, benefiting all parties involved. This settlement marks a turning point in the relationship between Disney and the state of Florida, bringing an end to a long-standing feud and opening up opportunities for collaboration in the future.