News Reedy Creek Improvement District and the Central Florida Tourism Oversight District

flynnibus

Premium Member

Disney's CEO Bob Iger says settlement agreement with Oversight District is a 'win-win' for Disney​


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.
 
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mmascari

Well-Known Member
Sounds like walking away from the Federal case is only a matter of formality at this point... or the roof caving in.
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.
 

mkt

When a paradise is lost go straight to Disney™
Premium Member
Federal Judge officially granted a 60 day delay on the Federal Case. Disney requested so a new developement agreement, the CFTOD did object.
what's the new case number?

Disregard, found it. 24-10342-H
 
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flyakite

Well-Known Member
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DCBaker

Premium Member

tecowdw

Well-Known Member
Just goes to show that the whole thing was just a political stunt. Now that the political steam has ran out on this issue, it actually operates like it is suppose to. A good sign that maybe CFTOD and Disney can live amicably after all. And I'm sure they definitely will once the remnants of Desantis and his original board cronies are all long gone and forgotten. It was always a given that Disney would be around long after those political individuals' "15 seconds of fame" ended.

I wonder if Garcia, the vocal Disney critic, leaving the board was part of a back room deal to get Disney to drop their lawsuits and renegotiate the RCID development agreement. Maybe that's also how an experienced new administrator got put in place as well. I can't imagine Disney just relinquished all of it's lawsuits/agreements without ensuring they had something valuable in return since they are +80% of the district's tax base in land ownership. They just aren't that stupid! ;)

At the end of the day, while Disney lost control of their municipality, it's in everyone's best interest to work together for the common goal of bringing tourist dollars in to the maximum potential. Central Florida could be a very different place had Disney not been able to expand their operations for 51 years with RCID.
 

mkt

When a paradise is lost go straight to Disney™
Premium Member
why did they give in to a compromise.
It's not a compromise.

Disney doesn't actually care about the free speech argument. Disney has quietly restarted political contributions (the true reason behind all of this) and now maintains control over their land with a board that will be friendlier while reserving the right to restart the federal appeal if an unfriendly board re-emerges. At the same time DeSantis can claim he won, and his supporters will not question it.

All Disney wanted was control and to stop the damage to their image.
 

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