Walt Disney World President Jeff Vahle issues statement on ending CFTOD state lawsuits

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Team Disney Orlando

Posted: Wednesday March 27, 2024 10:51am ET by WDWMAGIC Staff

Walt Disney World President Jeff Vahle has released a brief statement on today's announcement that a settlement agreement has been reached between Disney and the Central Florida Tourism Oversight District.

"We are pleased to put an end to all litigation pending in state court in Florida between Disney and the Central Florida Tourism Oversight District. This agreement opens a new chapter of constructive engagement with the new leadership of the district and serves the interests of all parties by enabling significant continued investment and the creation of thousands of direct and indirect jobs and economic opportunity in the State."
Jeff Vahle
President of Walt Disney World

Full details of the settlement agreement between Disney and CFTOD can be seen here.

Team Disney Orlando

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MagicHappens19717 hours ago

Most likely not. Disney isn't building it because it was a Chapek plan that Iger didn't like, they used the guise of the political issues they were having to justify not building it.

rogerrabbitfan97 hours ago

I would imagine that any long term office use plans from that long ago are based on very different assumptions than would be made today.

Goofyernmost11 hours ago

I looked at it, when they cancelled that project, it was more of a convenient way of getting out of it. There was a lot of backlash from the Imagineering department about uprooting and heading for the less than liberal thinking area called Florida. They were about to lose a lot of very creative people. They might still attempt to be the developer of that property if they still own it, but they won't be investing more money into it in my opinion.

eddie10419 hours ago

I don’t believe they have.

Comped19 hours ago

To my knowledge, Disney still hasn't sold off the land?

eddie10420 hours ago

I wonder once the dust settles on this will this revive their plans for an East Coast division HQ in Florida?

BrianLo1 day ago

It's nice to get the funding commitment tied up into this. Obviously they've given themselves an out in case of an 'event', much like they have for Disneyland Forward. But an out doesn't mean zero investment. It also sort of again concedes their figures aren't just purely political or Wall Street talking points. Not that I've doubted they are, but the company clearly intends (at this juncture) to still spend this 17 billion over ten years.

BrianLo1 day ago

From what Len posted it would seem to be maybe a two-ish year project finishing mid or late 2027. World Drive being done in 2026.

JoeCamel1 day ago

Or when they spend other people's money

Dr.GrantSeeker1 day ago

Really excited about the widening of Western Way. Is there a timeline on that? It needs to happen sooner than later.

mkt2 days ago

It’s amazing what will get done when the board is forced to act in good faith

Tom P.2 days ago

It's a discussion forum. That's the whole point. Why would you want to be in a discussion on a discussion forum and just say "eh, let's stop talking about this" and expect everyone to just drop it?

GoneViral2 days ago

Agreed!

lazyboy97o2 days ago

No… there are people who genuinely believe that Disney is a bunch of groomers. Just because DeSantis dropped the attacks doesn’t means others have. Disney is hoping people in Florida will run interference if people at the federal level want to target Disney.