It’s over. Disney has settled with the State of Florida, accepted that Reedy Creek is no more, and has had its 11th hour “sweetheart deals” nullified. Now the company vows to “work with” the State going forward.
From the AP…
“Under the terms of Wednesday’s settlement agreement, Disney lets stand a determination by the board of DeSantis-appointees that the comprehensive plan approved by the Disney supporters before the takeover are null and void. Disney also agrees that a development agreement and restrictive covenants passed before the takeover are also not valid, according to the settlement terms.
Instead, a comprehensive plan from 2020 will be used with the new board able to make changes to it, and the agreement suggests Disney and the new board will negotiate a new development agreement in the near future.”
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