Disney to Invest $17B in Florida, Adding 5th Theme Park
TL;DR Summary
Disney and Florida are negotiating a new development agreement that includes a $17 billion investment over the next 10-20 years, potentially adding a fifth park at Walt Disney World. The deal requires Disney to invest at least $8 billion in the first decade and allows for additional office space development. This agreement replaces a previous 30-year deal and comes amid competition from Universal Studios' upcoming Epic Universe expansion.
- Disney & Florida Planning New Development Agreement Worth Up To $17B, Would Add 5th Park At Walt Disney World Deadline
- Disney set to invest $17B in Florida parks following approval development plan Fox Business
- Tourism oversight board backs $17B Disney World development plan Orlando Sentinel
- Disney gets green light for major Florida expansion amid détente with DeSantis The Washington Post
- Disney World could be adding a fifth theme park soon The Points Guy
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