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

25 days ago in "Reedy Creek Improvement District"

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.

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flynnibus4 days ago

Looks to be moved https://www.oversightdistrict.org/wp-content/uploads/2024/04/BOS-Meeting-04-24-24-Agenda-Outline.pdf

wdwmagic4 days ago

Amazing, there is actually some real business on the agenda for a change.

DCBaker4 days ago

The agenda outline for the next CFTOD meeting on Wednesday, April 24 is available at this link*: https://www.oversightdistrict.org/wp-content/uploads/2024/04/BOS-Meeting-04-24-24-Agenda-Outline.pdf *Edited to update as the link was changed after posting (thanks @flynnibus!).

flyakite6 days ago

Batman'sParents9 days ago

Was curious about this: Is there an expectation that CFTOD will delegate some responsibilities to the cities as part of the understanding between the state and Disney?

Dcgc2812 days ago

All good! I was going to be blown away lol

MR.Dis12 days ago

error, I edited the original post

mkt13 days ago

Here's the motion

mkt13 days ago

what's the new case number? Disregard, found it. 24-10342-H

Dcgc2813 days ago

They objected the delay?

MR.Dis13 days ago

Federal Judge officially granted a 60 day delay on the Federal Case. Disney requested so a new developement agreement could be negotiated, the CFTOD did not object.

mmascari18 days ago

Same formality as completing the new agreement. They clearly think everyone will work in good faith and get an acceptable resolution. One where not having representation in the CFTOD board is ok.

flynnibus18 days ago

Sounds like walking away from the Federal case is only a matter of formality at this point... or the roof caving in. Those aren't the words of someone cautiously optimistic for an outcome... those are the words of someone who already knows the game plan and they aren't holdiing a gun to anyone.