Central Florida businesses support a proposed $17 billion investment agreement between the Central Florida Tourism Oversight District and Walt Disney Parks and Resorts U.S., Inc.

The deal, led by Gov. Ron DeSantis, is set for final board approval on June 12 and could result in Disney expanding its Walt Disney World property with a fifth major theme park.

This agreement follows the resolution of legal disputes between Disney and the district.

The 15-year development agreement covers 17,000 acres of land and includes commitments to local hiring programs, construction work allocation, and funding for attainable housing.

Small business owners at Disney Springs are optimistic about the economic benefits and job creation potential.

Disney Parks director has expressed gratitude to the board for considering the agreement.

This landmark deal underscores Disney's dedication to investing in parks, envisioning at least five major theme parks in Orlando.