Disney Announces Plan for $17 Billion Investment in Florida, Possible New Theme Park Coming Soon

By  //  June 13, 2024

Disney, Central Florida Tourism Oversight District reach a deal

ABOVE VIDEO: Disney and the Central Florida Tourism Oversight District (CFTOD) have a deal. It lays the groundwork for Disney’s expansion in central Florida, highlighted by a $17 billion investment from the company and the possibility of a fifth major theme park.

ORLANDO, FLORIDA (FOX 35) – Disney and the Central Florida Tourism Oversight District (CFTOD) have a deal.

It lays the groundwork for Disney’s expansion in central Florida, highlighted by the company’s $17 billion investment and the possibility of a fifth major theme park.

District leaders said the deal is intended to provide “significant capital improvements” within the district. The development agreement is good for 15 years.

“This is a great day in terms of certainty,” CFTOD Vice Chair Charbel Barakat said. In terms of economic development, I think the impact is going to be immeasurable.”

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