Disney Vs. Ron DeSantis: Mouse House And Florida Governor Settle Dispute, Clearing Path For 15-Year Expansion Plan
Portfolio Pulse from Benzinga Neuro
Disney and Florida Governor Ron DeSantis have settled their dispute, allowing Disney to proceed with a 15-year expansion plan for Walt Disney World Resort. Disney will invest at least $8 billion over the next decade, with a total of $17 billion over 10 to 20 years. The agreement includes building a fifth theme park, expanding retail and office space, and adding 14,000 hotel rooms. This resolution marks a significant shift in their relationship and could reverse previous negative economic impacts.
June 13, 2024 | 12:51 pm
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Disney has settled its dispute with Florida Governor Ron DeSantis, allowing the company to proceed with a $17 billion expansion plan for Walt Disney World Resort. This includes building a fifth theme park, expanding retail and office space, and adding 14,000 hotel rooms.
The settlement allows Disney to proceed with a significant expansion plan, which is likely to boost its revenues and positively impact its stock price. The resolution also marks a positive shift in Disney's relationship with the Florida government, potentially reversing previous negative economic impacts.
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