Disney and Florida have been engaged in a cold war for more than a year, but the House of Mouse has made moves in recent months indicating it may be retreating.
The feud began after Disney condemned the Florida Parental Rights in Education bill in March 2022, and it escalated earlier this year when Gov. Ron DeSantis signed a bill into law restructuring the district encompassing the Walt Disney World Resort. Disney undercut the new legislation via an agreement with the outgoing district board, leading the new board and DeSantis to void the agreement.
Martin Garcia, CFTOD board chairman, said dropping the other four charges proved the charges were"bogus" and a"publicity stunt." Garcia made the comments at a board meeting earlier this month. The threat to investment in the state and in turn the company's flagship resort, Walt Disney World, now seems to be unfounded. The company announced it will double its expenditures for its theme parks and cruise line to $60 billion over the next 10 years and touted"over 1,000 acres of land for possible future development to expand theme park space across its existing sites."
“The company is able to absorb those costs and continue to grow the bottom line and look expansively at how we return value and capital to our shareholders,” he added.
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