Its pretty much a compromise to go back to the pre-kerfuffle state of play, commits the board to assisting disney in the use of mitigation credits, and disney is not dismissing, but rather just delaying briefing in its pending appeal while further negotiations continue on a whole new development agreement. In other words, Desantis agreed not to mess with Disney’s mitigation credits and to negotiate a new deal without requiring Disney to dismiss its federal suit.
I guess it depends upon how you define a win, but it seems like overall Disney does not have the benefit if the “new” pre-Desantis-board last minute deal, but is ahead of where it was when the whole kerfuffle started.
..."Litigation is a lot of negative enbergy"...so said a friend and attorney to me many years ago (RIP).
DeSantis started all this because he was displeased with Disney's speech on a topic where he disagreed with them. This in itself was a questionable act from the governor of the state, at least in my mind. Whether Disney's long-standing way of administratively dealing with stuff within the geographically defined district is another question on which I can't opine, because I don't know enough about it and don't wish to learn.
The outcome means that Disney can get this litigation out of the way, will be able to carry out its business plans, DeSantis can crow about a hollow "victory," and Disney retains its constitutional rights to express itself on matters of public interest.
Their editorial board can be a bit out there. But is there a more reputable source for straight business news?
Also, he is bad with finances.
Disney agreed to drop its lawsuits and they're going to negotiate a new, less restrictive agreement.
"null and void", so they basically were forced to admit their case didn't hold water.
"A trial was set to begin in June. But now, Disney holds that prior agreements are null and void and intends to negotiate a new deal that likely would be beneficial to Disney’s development plans in the area."
This sounds more like mutually beneficial hatchet burying. Of course the most optimal outcome for Disney would be "nothing ever happened" but this seems to make both parties satisfied. I don't know how you could see this as Disney eating crow.
I Am Not A Lawyer of course, it is known.
Florida and Disney need one another... desperately. That said the prior CEO was a stupid woke moron and DeSantis is a MAGA culture warrior idiot... The people of Florida and Disney employees got stuck in the middle. I wish that both parties would regain their sanity.
Disney spending $30 billion on the parks (not all FL) is great for the state. That said South Park nailed it...