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Disney to Invest $17B in Florida, Adding 5th Theme Park

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Source: Deadline
Disney to Invest $17B in Florida, Adding 5th Theme Park
Photo: Deadline
TL;DR

Disney and Florida are negotiating a new development agreement that includes a $17 billion investment over the next 10-20 years, potentially adding a fifth park at Walt Disney World. The deal requires Disney to invest at least $8 billion in the first decade and allows for additional office space development. This agreement replaces a previous 30-year deal and comes amid competition from Universal Studios' upcoming Epic Universe expansion.

Topics:nationbusiness#business#development-agreement#disney#florida#investment#theme-parks
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  1. Disney & Florida Planning New Development Agreement Worth Up To $17B, Would Add 5th Park At Walt Disney World  Deadline
  2. Disney set to invest $17B in Florida parks following approval development plan  Fox Business
  3. Tourism oversight board backs $17B Disney World development plan  Orlando Sentinel
  4. Disney gets green light for major Florida expansion amid détente with DeSantis  The Washington Post
  5. Disney World could be adding a fifth theme park soon  The Points Guy

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