Disney can build projects at the highest density and the right to sell or assign those development rights to other district landowners without the boards’ approval. The agreement has equipped Disney with maximum developmental power over the theme park resort’s 27,000 acres territory in central Florida. What does Disney’s development agreement say? It provides a buffer against perpetuities, essentially letting attorneys establish a window of time that would legally never expire. The contract will be valid “21 years after the death of the last survivor of the descendants of King Charles III, King of England, living as of the date of this declaration.” The contractual clause, which dates back to 1692 Britain, is most often used in the UK, usually when it comes to trusts. The agreement includes a royal clause that extends its term limit for years to come. 29), which was first reported by the Orlando Sentinel.
The move followed Disney’s opposition to the so-called “Don’t Say Gay” law, which curbs classroom discussions on sexual orientation and gender identity in public schools.Ĭhina is changing its tune on the mRNA vaccineĪ fresh idea for gathering remote and hybrid employees togetherīut just before the new board took over, the previous Disney-allied board signed a long-lasting development agreement that appears to drastically limit the control that can be exercised over the district. Disney “quietly pushed through the pact and restrictive covenants that would tie the hands of future board members for decades,” according to a legal presentation by the district’s lawyers on Wednesday (Mar. While ending the Mouse House’s self-governance, DeSantis sought to rename the area Central Florida Tourism Oversight District and pick out a new board to oversee it. 27, Florida governor Ron DeSantis signed a legislation that ended Walt Disney World’s control over its special tax district. Safety: Bird strikes | No-fly list proposal | Could you land a plane? | Whale vs.Florida’s plan to exert more control over Disney by stripping it of its special tax district is not quite working out as planned.Ī little over a month ago, on Feb.
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