After reaching an agreement, Disney withdraws lawsuit and ends conflict with DeSantis.

The company reached an agreement on how its growth will be developed for the next two decades.

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ARCHIVO - El Castillo de Cenicienta en el Reino Mágico en Walt Disney World, 14 de julio de 2023, en Lake Buena Vista, Florida (AP Foto / John Raoux, Archivo) AP (John Raoux/AP)

ORLANDO, Florida, USA (AP) — Disney asked a federal appeals court on Thursday to dismiss its lawsuit against Florida Governor Ron DeSantis, a day after his appointed officials approved a agreement with the company on how Walt Disney World will be developed over the next two decades, ending the final part of the conflict between the two parties.

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The application did not come as a big surprise because the future of the federal lawsuit depended on whether a development agreement could be reached between Disney and the officials appointed by DeSantis to the board of the Central Florida Tourism Development District, which governs Disney World, as per an agreement reached in March.

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The development agreement was approved Wednesday night by the officials designated by DeSantis. Next week, Disney was supposed to file a record with the court if they wanted to proceed with the lawsuit against DeSantis and his appointed officials.

What is the agreement between Disney and DeSantis?

As part of the agreement, which will be valid for 15 years, Disney agreed to invest $17 billion in Disney World over the next two decades, and the district committed to making infrastructure improvements on the theme park property. The district provides municipal services such as firefighters, planning, and mosquito control, among other things, and was controlled by Disney supporters before the takeover by DeSantis-appointed officials last year.

"This new development agreement paves the way for us to invest billions of dollars in the Walt Disney World Resort, supporting the growth of this global destination, boosting the economy of Florida, and allowing us to provide even more memorable and extraordinary experiences to our visitors," said Jeff Vahle, President of Walt Disney World Resort.

Will there be a new park?

According to the terms of the agreement, it was approved that Disney would build a fifth large-scale theme park at Disney World, and two more minor parks, such as water parks, if desired. The company can also increase the number of hotel rooms on its property from almost 40,000 to over 53,000, and expand the retail and restaurant space by more than 20%. Disney will maintain control over the height of the buildings in order to preserve the immersive environment.

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