Walt Disney World Resort and the Central Florida Tourism Oversight District have finalized a significant agreement following a unanimous decision by the board during the final vote on June 12. This agreement will set the course for the development activities at Walt Disney World Resort for the next decade.
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This landmark agreement delineates the maximum potential for new developments at Disney World through 2034, including:
- Up to 53,467 hotel rooms
- Over 1.2 million square feet of office space
- Over 1.7 million square feet of retail and restaurant space
- Five minor theme parks (e.g., water parks, sports complexes)
- Five major theme parks, including the possibility of one new major theme park
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These figures represent the upper limits of possible development, providing Disney with the flexibility to adapt to changing market conditions and guest preferences while ensuring responsible growth. Agreements such as the one reached by the CFTOD and Disney World will often include:
- Mitigation Strategies: Proposals to mitigate development impacts, particularly in terms of transportation.
- Public Facility Scheduling: Timing for new public facilities such as water, wastewater treatment, parks, schools, and transportation infrastructure, which the developer may fund.
- Land Reservations: Descriptions of any land reservations or dedications for public purposes.
- Regulatory Approvals: An outline of any necessary approvals, waivers, variances, or special exceptions that the developer will seek.
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