Central Florida Tourism Oversight District Board Chairman Martin Garcia (right) delivers a speech as Florida Governor Ron DeSantis listens during a press conference at the CFTOD headquarters at Walt Disney World on Thursday, February 22, 2024, in Lake Buena Vista, Florida .
Joe Burbank | Orlando Sentinel | Getty Images
Disney and the state of Florida agreed Wednesday to end litigation in state court over a special tourism district that the entertainment giant had effectively controlled for more than five decades until last year.
The lawsuit was related to the takeover of the district at the behest of Florida Gov. Ron DeSantis after Disney opposed the state’s “Don’t Say Gay” law.
“We are pleased to bring an end to all litigation pending in Florida state court between Disney and the Central Florida Tourism Oversight District,” said Jeff Vahle, President of Walt Disney World.
“This agreement opens a new chapter of constructive collaboration with the county’s new leadership and serves the interests of all parties by enabling significant continued investment and the creation of thousands of direct and indirect jobs and economic opportunities in the state,” Vahle said.
DeSantis is scheduled to hold a news conference at 12:15 p.m. ET.
This is breaking news. Please check back for updates.
Source link
2024-03-27 15:19:46
www.cnbc.com
