The Central Florida Tourism Oversight District Board of Supervisors met today and declared the February 8, 2023, Development Agreement and Declaration of Restrictive Covenants entered into by the Reedy Creek Improvement District and Walt Disney Parks and Resorts void and unenforceable.
Earlier this week, the board released pages of legislative findings regarding the February 8 agreements that the Central Florida Tourism Oversight District say makes them null and void.
Signed into effect on February 8, just as the Florida House passed the legislation to take control of Reedy Creek Improvement District, the new Developer Agreement gave Disney significant control of the RCID land and prevented the new board from making any changes to the agreement.
Chair of the new Central Florida Tourism Oversight District board Ron Garcia said during the meeting, "Disney picked the fight with his board. We were not looking for a fight." He continued, "Factual and legally, what they created is an absolute legal mess, and it will not work."
Today's vote to approve the findings now directs the litigation counsel to have Disney's agreements with Reedy Creek declared void and unenforceable and stricken from the public records of Orange and Osceola Counties.
Disney has not yet publically commented on these recent developments, and it remains unclear if it will challenge today's decision.
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