Disney Development Agreement and Governance

The video discusses the conflict between Disney and the Florida government over the Reedy Creek Improvement District, now the Central Florida Tourism Oversight District. It covers the political and legal battles, including a controversial development agreement and subsequent lawsuits. A settlement was reached, ending the two-year struggle, with both parties agreeing to work together on future developments. The resolution is seen as beneficial for economic growth and investment in the region.

What was the original name of the district overseeing Walt Disney World before it was renamed?

• Central Florida Tourism Oversight District

• Reedy Creek Improvement District

• Florida Tourism Development District

• Disneyland Special District

What was the main reason for the state wanting to reform the Reedy Creek Improvement District?

• To lower taxes for residents

• To build more theme parks

• To reduce Disney's influence over the district

• To increase tourism in Florida

What was the main change introduced by House Bill 9B regarding the district's governance?

• The district's budget was reduced by half

• The Board of Supervisors was to be appointed by the governor

• The district was renamed to Reedy Creek Improvement District

• The district was dissolved completely

What was the controversial action taken by Disney just before the new board took over?

• They increased the district's taxes

• They sold the district to a private company

• They pushed through a development agreement

• They dissolved the district

What was the 'King Charles Clause' related to in the development agreement?

• A clause about Disney's tax obligations

• A clause related to the duration of the agreement

• A clause allowing Disney to build a castle

• A clause about the district's name change

What was the reaction of the newly appointed board to the development agreement pushed by Disney?

• They immediately approved it

• They ignored it

• They considered it null and void

• They fully supported it

What was one of the reasons Disney filed a federal lawsuit against the district?

• Change in park operating hours

• Reduction in park visitors

• Increase in property taxes

• Violation of Disney's First Amendment rights

What was one of the key outcomes of the settlement between Disney and the district?

• Disney regained full control over the district

• The district was dissolved

• Both parties agreed to dismiss their lawsuits

• The district's budget was doubled

What potential benefit does the settlement offer to Disney?

• Reduction in park ticket prices

• Complete control over the district's board

• A more collaborative relationship with the district

• Increased taxes on Disney properties

What future development is hinted at following the settlement?

• A new Disney theme park

• Closure of existing parks

• Reduction in park ticket prices

• Increase in park operating hours