Latest board meeting signals new chapter for Disney and Central Florida Tourism Oversight District

9 days ago in "Reedy Creek Improvement District"

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Posted: Thursday April 25, 2024 10:23am ET by WDWMAGIC Staff

The Central Florida Tourism Oversight District held its first board of supervisors meeting yesterday, the first time since the settlement agreement with Disney was reached.

In a significant shift from its beginnings in 2023 as a Ron DeSantis-directed takeover of Disney's Reedy Creek Improvement District, the meeting felt more like an actual gathering of governance and less like a political spectacle.

Instead of the now departed CFTOD Chairman Martin Garcia railing against Disney, the agenda included awarding contracts for chilled water, network security and video upgrades, waste stream disposal, recycling efforts, energy plant upgrades, sediment removal, landscaping improvements, and a twenty-year contract for the purchase of 74.5 megawatts of solar energy.

Reporting on the district's management was newly appointed CFTOD administrator Stephanie Kopelousos. Also in attendance was new board member Craig Mateer.

Central Florida Tourism Oversight District headquarters near Disney Springs

Announced in late March, the Walt Disney Company and the Central Florida Tourism Oversight District reached a settlement agreement that will potentially see both sides drop their respective lawsuits. Speaking earlier this month, Disney CEO Bob Iger described the agreement as a "win-win" for Disney.

The key provisions of the agreement from Disney's perspective are that the district commits to reviewing and potentially revising the 2020 Comprehensive Plan, with consultations involving Disney. Furthermore, the subsequent negotiations for the new development agreement are tied to Disney's decision to either continue or halt its federal lawsuit against CFTOD and Florida Governor Ron DeSantis, indicating the agreement's broad scope and potential impact on Disney's operations.

Responding to a question about investing in the parks during a recent investors call, Iger said, "The agreement we reached with the Central Florida tourism oversight district last week will actually enable us to pursue the kinds of significant investment in our Florida parks that you're talking about. We achieved a win-win result with that deal. In terms of our ability to pursue future development opportunities, but also in terms of the 1000s of direct and indirect jobs, and economic opportunity in the state that will come with our investment in new projects. So as we've discussed regarding our $60 billion capital expenditure plans, is much more coming to our parks around the world, including in Florida."

Bob Iger at Walt Disney World

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castlecake2.06 days ago

Yes

Stripes6 days ago

Has Disney/CFTOD continued to replace the purple direction signage with the new blue color scheme since CFTOD took over?

mkt6 days ago

You're right. The new document will be different. It will be "different" in the way that Chris Gaines was "different" from Garth Brooks or how the drummer from Nirvana is "different" from the singer of the Foo Fighters.

Unbanshee6 days ago

Both are effectively picked by the Governor, just not technically. Look no further than the communications "strategy" with the replacement of Gilzean of the Governor's office getting out ahead of every single step of the process

lazyboy97o6 days ago

The settlement acknowledged the “need” to change the comprehensive plan, which undermines this idea. So too does the lack of an agreement, as the 2032 Comprehensive Plan wasn’t that different than the again in force 2020 Comprehensive Plan.

Brian6 days ago

That's understandable for sure. I just felt inclined to make the distinction due to the ongoing conversation, as the district administrator is selected by the board, while the board is selected by the governor.

mkt6 days ago

The new agreement will be functionally the same as the one Disney was sued over.

pdude816 days ago

You're right. This has been going on so long I just lumped all the antagonists together.

Brian6 days ago

Not to nitpick, but Gilzean was district administrator, not a board member.

pdude816 days ago

A bigger risk than keeping Garcia and Gilzean on the board as active disruptors? I don't agree with their decision to stall the federal lawsuit, but I understand why they saw the status quo as a risk to growth over the next few years.

lazyboy97o7 days ago

You don’t think dropping your bargaining power in the middle is the best strategy in a negotiation?

flynnibus7 days ago

Again… we know nothing except both sides have shown signs of positive attitude and certainty of successful outcomes. What does that mean? None if us know. All we can speculate is… they know a lot more than they have said publicly… and obvious things like "desantis is not perpetual…" were clearly obvious to them when they made these choices.

UNCgolf7 days ago

That seems wildly optimistic.

flynnibus7 days ago

“Right now…” Yes, we all know this. But again, we don’t know what back room deal they have setup. Who knows… it could even include new legislation promises… Or Disney is just rolling with the hand they are dealt… maybe they have accepted that the time to sunset their advantages of rcid is here… none of us can tell what their true intentions are right now.