Disney, Florida's DeSantis end spat with deal on 15-year expansion plan

People gather at the Magic Kingdom theme park before the Festival of Fantasy parade at Walt Disney World in Orlando, Florida, US, on July 30, 2022.Disney and Florida Governor Ron DeSantis have put an end to their feud with a deal that allows the entertainment giant to develop the Walt Disney World Resort near Orlando for the next 15 years.

Under the agreement with the Central Florida Tourism Oversight District, Disney said it would spend at least US$8 billion at the resort over a decade with a total of US$17 billion invested over 10 to 20 years. The agreement also gives Disney the ability to build a fifth theme park, expand retail and office space and add about 14,000 hotel rooms for a resort total of nearly 54,000.

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