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No more Disney boycotts? DIS signs massive $17 billion deal
DISDisney(DIS) Finbold·2024-06-06 08:31

In what seems like an end to a legal fight between Florida’s Republican Governor Ron DeSantis and Walt Disney (NYSE: DIS), the famous entertainment company is set to invest around 17billioninbuildingits5ththemeparkinFlorida.Disneyhasagreedtodonateupto100acresofitsDisneyWorldpropertyfordistrict−managedinfrastructureprojects,awardatleasthalfitsconstructioncontractstoFlorida−basedcompanies,andspendatleast17 billion in building its 5th theme park in Florida.Disney has agreed to donate up to 100 acres of its Disney World property for district-managed infrastructure projects, award at least half its construction contracts to Florida-based companies, and spend at least 10 million on affordable housing in central Everglade State.This ...