tiprankstipranks
Disney sued by appointed board for control of park’s expansion, NY Times report
The Fly

Disney sued by appointed board for control of park’s expansion, NY Times report

The newly appointed board for a special tax district encompassing Walt Disney World has sued the company in an effort to regain control over the expansion of the theme park complex, Brooks Barnes of The New York Times reports. The district’s complaint involves two contracts that Disney World struck with a prior board that Disney controlled. These agreements lock in a comprehensive growth plan, which included the possible construction of a fifth theme park and 14,000 additional hotel rooms. "These agreements reek of a back room deal," the district’s new board said in its 188-page lawsuit filed in state court, according to the Times. Reference Link

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on DIS:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles