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Disney Drops Lawsuits Against Central Florida Tourism Oversight District, Concedes Last-Minute Deal Void

  

Category:  News & Politics

Via:  s  •  3 weeks ago  •  4 comments

Disney Drops Lawsuits Against Central Florida Tourism Oversight District, Concedes Last-Minute Deal Void
"As usual, the media were wrong," said Florida Governor DeSantis' Communications Director Bryan Griffin Wednesday.

S E E D E D   C O N T E N T


D isney has withdrawn its lawsuits against the Central Florida Tourism Oversight District and acknowledges that the development agreement made at the last minute is invalid and unenforceable.

Disney's Reedy Creek Improvement District was replaced with the Central Florida Tourism Oversight District (CFTOD), a citizen-accountable entity, after Governor DeSantis   signed House Bill 9-B   into law in February 2023.


“There is a new sheriff in town, and accountability will be the order of the day,” DeSantis said during a bill-signing event at the Reedy Creek Fire Station #4 in Lake Buena Vista in February.

The law removed parts of the district’s authority, such as the power to potentially construct a nuclear power plant, airport, and stadium.



Hours before CFTOD took authority, Disney entered into a last-minute Development Agreement with the former Reedy Creek board to grant itself additional powers and perpetual property rights.



Mainstream media outlets celebrated Disney's move with headlines such as "Out-negotiated by Mickey Mouse," “Ron DeSantis' Board Rages Against Disney World After Legal Humiliation,” and “Disney struck a second secret agreement to mess up DeSantis’ power grab on the company, official says.”

"As usual, the media were wrong," said Florida Governor DeSantis' Communications Director Bryan Griffin Wednesday.

"Today’s settlement also includes acknowledgement from Disney that the last-minute Development Agreement is “null and void… hav[ing] no legal effect or enforceability” and stipulates the same to other similar restrictive covenants and comprehensive plan amendments made prior to CFTOD," said Griffin.

In the settlement agreement reached Wednesday, Disney has agreed to dismiss multiple active lawsuits against CFTOD.

"We are glad that Disney has dropped its lawsuits against the new Central Florida Tourism Oversight District and conceded that their last-minute development agreements are null, void, and unenforceable. No corporation should be its own government. Moving forward, we stand ready to work with Disney and the District to help promote economic growth, family-friendly tourism, and accountable government in Central Florida," said Griffin.


During a press conference Wednesday, DeSantis said, "Everything we've done has been in the best interest of the State of Florida, and we have been vindicated on all those actions. Going forward, we're going to continue to govern with the best interests of the State of Florida. So I'm glad that they were able to do that that settlement."


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Sean Treacy
Professor Principal
1  seeder  Sean Treacy    3 weeks ago

I'm surprised our DeSantis beat hadn't covered this already. Contrary to the obsessive and dishonest cheerleading of left wing media that passes as reporting these days, the Mouse did not in fact win. A tough day for those cheerleaders for a billion dollar multinational with all sorts of labor law abuses who couldn't believe a state government would dare to maintain any oversight oversight over a corporation.  

Iger surrendered as he faces a shareholder revolt over his meddling in politics rather than paying attention to the bottom line. 

 
 
 
Kavika
Professor Principal
1.1  Kavika   replied to  Sean Treacy @1    3 weeks ago
I'm surprised our DeSantis beat hadn't covered this already.

I just got on NT and saw your article, good work Sean after so many losses it must feel good to see that he finally won one. 

That shareholder, the one that wants to know why there is an all-women cast and all-black cast..OK, Peltz back to the 1950s for you when it was all white casts.

The vote is going to be interesting, to say the least. 

 
 
 
Kavika
Professor Principal
2  Kavika     3 weeks ago

Just had a chance to look up other versions of the article rather than the Hollywood reporter.....It seems to differ with the Hollywood reporter.. 

Under the terms of Wednesday’s settlement agreement, Disney lets stand a determination by the board of DeSantis appointees that the comprehensive plan approved by the Disney supporters before the takeover is null and void. Disney also agrees that a development agreement and restrictive covenants passed before the takeover are also not valid, according to the settlement terms.

Instead, a comprehensive plan from 2020 will be used with the new board able to make changes to it, and the agreement suggests Disney and the new board will negotiate a new development agreement in the near future.

Disney also agreed to put on hold the appeal of the federal lawsuit pending the negotiations on the development agreement and other matters, and it will drop its two state lawsuits against the district, one of which was a public records complaint.

“It looks to me like both sides called ‘uncle,’” said Richard Foglesong, a Rollins College professor emeritus who wrote a definitive account of Disney World’s governance in his book, “Married to the Mouse: Walt Disney World and Orlando.”

Disney, DeSantis' allies reach settlement in lawsuit | AP News

 
 
 
Sean Treacy
Professor Principal
2.1  seeder  Sean Treacy  replied to  Kavika @2    3 weeks ago
Disney lets stand a determination by the board of DeSantis appointees that the comprehensive plan approved by the Disney supporters before the takeover is null and void. Disney also agrees that a development agreement and restrictive covenants passed before the takeover are also not valid, according to the settlement terms.

Disney lost every substantive point. 

 
 

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