Disney World and Central Florida Tourism Oversight District Reach Development Agreement

Walt Disney World Resort and the Central Florida Tourism District have reached a significant agreement that will set the course for the resort’s development over the next decade. This comprehensive development plan will be discussed during a first reading at the upcoming Board of Supervisors meeting on June 5 at the CFTOD Administration Building 1st Floor Boardroom, followed by a second and final public hearing scheduled for June 12, 2024, at 1900 Hotel Plaza Blvd., Lake Buena Vista, Florida.

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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

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.

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Development agreements are critical tools in managing the complexities of large-scale planning. They provide a framework that details proposed land uses, population densities, building intensities, and more. Agreements such as the one reached by the CFTOD and Disney World will often include:

• Mitigation Strategies: Proposals to mitigate the impacts of development, particularly in terms of transportation.
• Public Facility Scheduling: Timing for new public facilities such as water, wastewater treatment, parks, schools, and transportation infrastructure, which may be funded by the developer.
• 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.

Public discourse and transparency are important elements of these agreements, resulting in the two public readings of the agreement slated before final adoption and approval.

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