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

Apr 03, 2024 in "Reedy Creek Improvement District"

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Team Disney Orlando

Posted: Wednesday April 3, 2024 1:54pm ET by WDWMAGIC Staff

Disney CEO Bob Iger has made his first public comments on the recently announced settlement agreement between Walt Disney World and the Central Florida Tourism Oversight District.

Announced in late March, the Walt Disney Company and the Central Florida Tourism Oversight District proposed a settlement agreement that will potentially see both sides drop their respective lawsuits. Today, Iger described the agreement as a "win-win" for Disney.

The critical points of the agreement from Disney's perspective are that the district commits to reviewing and potentially amending the 2020 Comprehensive Plan, with consultations involving Disney, and that the subsequent negotiations for the new development agreement are linked to Disney pursuing or halting its federal lawsuit against CFTOD and Florida Governor Ron DeSantis.

Responding to a question about investing in the parks, Iger said, "The agreement we reached with the Central Florida tourism oversight district last week will actually enable us to pursue the kinds of significant investment in our Florida parks that you're talking about. We achieved a win-win result with that deal. In terms of our ability to pursue future development opportunities, but also in terms of the 1000s of direct and indirect jobs, and economic opportunity in the state that will come with our investment in new projects. So as we've discussed regarding our $60 billion capital expenditure plans, is much more coming to our parks around the world, including in Florida."

Bob Iger at Walt Disney World

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tissandtully1 day ago

Yeah, apparently she should be done on Feb. 26th, but who knows what Ronnie has in mind.

JoeCamel1 day ago

She still there? Thought she was busy with her OF

tissandtully1 day ago

Glances over at Bridget.....

lazyboy97o3 days ago

You’re so out of touch with the times. Institutional knowledge isn’t based. The terms are clearly part of the facade of propriety. The posts are minor patronage and an example of “new” ideas of executive power. People can rotate through and they get to pad their resume because the board only needs to exist, not overtly act, at this time. So long as Disney remains compliant anyone can provide the rubber stamp. Who has remained is quite telling.

wdwmagic3 days ago

Central Florida Tourism Oversight District Board Changes Again as Vice Chair Departs https://www.wdwmagic.com/other/reedy-creek-improvement-district/news/18feb2025-central-florida-tourism-oversight-district-board-changes-again-as-vice-chair-departs.htm

LAKid533 days ago

Because the originals work is done.

mmascari3 days ago

How normal is it for boards roughly like this one to change members this often disconnected from their terms? I keep wondering what the point of terms even is, if we're just going to replace members whenever anyway.

lazyboy97o6 days ago

This is not normalcy nor should we lie and pretend it is. Development and building are local concerns and this structure remains abnormal and completely outside the construct of what are supposed to be legal taxing authorities. The threats remain clear, even if they’re just more loudly coming from others at the moment, and Disney is actively complying.

JoeCamel6 days ago

I think I would like to know Gilbert's campaign contribution history he seems to fit the bill of a Florida real estate salesman. Those and car dealers seem to gravitate to being politicians. Oh and lawyers too. I guess I yearn for the days of citizen service where the motives were clear but the money is way too high a bar for most.

Stripes6 days ago

These seem like decent appointments. Certainly better than the departing board members. With these appointments, it would seem to me that the new board will have members that are all qualified to be there. With the showdown over, things have returned to normalcy.

wdwmagic7 days ago

DeSantis Reshapes Disney's Central Florida Tourism Oversight District with New Appointments https://www.wdwmagic.com/other/reedy-creek-improvement-district/news/15feb2025-desantis-reshapes-disneys-central-florida-tourism-oversight-district-with-new-appointments.htm

DCBaker7 days ago

Ron DeSantis has appointed 3 new members to the Central Florida Tourism Oversight District Board of Supervisors: TALLAHASSEE, Fla.—Today, Governor Ron DeSantis announced the appointment of Alexis Yarbrough as Chair, John Gilbert, and Scott Workman to the Central Florida Tourism Oversight District. Alexis Yarbrough Yarbrough is the current Chair of the Broward College District Board of Trustees. She previously served as Chair and Commissioner on the Fourth District Court of Appeal Judicial Nominating Commission. Yarbrough earned her bachelor's degree from the University of Miami and her juris doctor from Nova Southeastern University. John Gilbert Gilbert is the Executive Managing Director at Stream Realty Partners. He was recognized as the 2007 and the 2012 Orlando Office Broker of the Year by the National Association of Industrial and Office Parks, Commercial Real Estate Development Association. Gilbert earned his bachelor's degree in real estate from Florida State University. Scott Workman Workman is the Owner of Workman Transportation and Owner and President of Workman Travel. He has been active in the transportation industry in Orlando for over 25 years. Workman attended the University of Iowa. These appointments are subject to confirmation by the Florida Senate. https://www.flgov.com/eog/news/press/2025/governor-ron-desantis-appoints-three-central-florida-tourism-oversight-district

lazyboy97o10 days ago

The FCC is investigating Comcast over their internal corporate practices that have nothing to actually do with broadcasting. Make no mistake, this is why Iger capitulated.