Disney set to invest up to $17B in Florida parks now that fight with DeSantis appointees has ended

Disney and DeSantis are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort.
The Cinderella Castle is seen at the Magic Kingdom at Walt Disney World, July 14, 2023, in Lake Buena Vista, Fla. Months after Disney and Florida Gov. Ron DeSantis' appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement Wednesday, June 5, 2024, that could result in the company investing $17 billion into its Florida resort and opens the door to a fifth major theme park at Walt Disney World. (AP Photo/John Raoux, File)

Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort and opens the door to a fifth major theme park at Walt Disney World.

The five DeSantis-appointed supervisors who oversee the Disney World district voted Wednesday to give initial approval to a new development agreement that both sides had agreed to negotiate after a March settlement ended their state court lawsuits against each other.

A second vote was required for final approval, and that was set for next week.