Local

Disney’s $17B development deal approved

Cinderella Castle at Walt Disney World

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

The Central Florida Tourism Oversight District board in a June 12 vote unanimously approved a big-ticket development agreement with The Walt Disney Co. (NYSE: DIS). The $17 billion number was floated in April 3, 2023, and now that the plan is signed and sealed, the full scope of the plan can unfurl.

▶ WATCH CHANNEL 9 EYEWITNESS NEWS

That scope will be shared incrementally, as the agreement leaves some areas gray.

Podcaster Lou Mongello, a local Disney expert and host of WDW Radio, said any hints given by Chairperson Josh D’Amaro of Walt Disney Parks and Resorts at the last D23 Expo may have been to gauge the reaction of fans before an official announcement and project construction began.

Read: Prosecutors release documents detailing last hours of Madeline Soto’s life

Click here to read the full story on the Orlando Business Journal’s website.

Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.


0
Comments on this article
0