Disney cancels $1 billion Florida investment amid feud with DeSantis

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“This was not an easy decision to make, but I believe it is the right one,' said Josh D’Amaro, who oversees Disney’s parks.

and take control of the special district that governs Disney's properties in Central Florida following the company's stance.− a development agreement and a declaration of restrictive covenants − that allow the company to sidestep the state's oversight, prompting DeSantis to initiate an inspector general investigation and pass legislation to nullify those agreements. He also signed a bill putting Disney's monorail system under the purview of state inspectors.

The DeSantis-appointed oversight board also voted to nullify Disney's actions, prompting a lawsuit from the company.led a"targeted campaign of government retaliation" against the company. It accuses DeSantis of threatening the company's business and violating its constitutional rights, calling the government's actions"patently retaliatory, patently anti-business, and patently unconstitutional.

The lawsuit alleges five different violations of Disney’s constitutional rights by DeSantis, including two free speech violations, a property rights violation, a due process violation and a violation of the contracts clause.Timeline:

 

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