CoStar News
Summary: Walt Disney Parks and Resorts has reached an agreement with the Central Florida Tourism Oversight Board, allowing it to expand its presence in Orlando over the next 15 years. The deal, supported by Governor Ron DeSantis, mandates Disney to invest up to $17 billion in Central Florida, focusing on park expansions, affordable housing initiatives, and boosting local business spending. The agreement also permits Disney to increase its retail, restaurant, office, and hotel capacities significantly, aiming to enhance its offerings and economic impact in the region.