The Florida Senate has passed a bill that grants authority to the Central Florida Tourism Oversight District board, a tourism board appointed by Governor Ron DeSantis, to revoke development agreements previously signed by its predecessor. This new legislation will allow the board to cancel agreements signed up to three months before the board's formation, furthering DeSantis' opposition towards the Walt Disney Co (DIS.N).
Florida's legislature established the Central Florida Tourism Oversight District board in February, replacing the Reedy Creek Improvement District as the governing body overseeing development in and around Disney's theme parks. The board's formation reportedly responded to criticisms that the previous governing body had engaged in "backroom deals" with Disney, allowing the corporation to operate without sufficient oversight.
Disney has responded to DeSantis' actions with a federal lawsuit, accusing the Governor of unlawfully using state power to retaliate against the company. The Central Florida Tourism Oversight District board has also filed a lawsuit in state court, seeking to void any "secret deals" that favored Disney. The outcome of these legal proceedings is uncertain. Still, they are likely to continue to impact the relationship between Disney and DeSantis and the operations of the Central Florida Tourism Oversight District board.