The announcement comes the same day as members of the state-appointed oversight board discussed the need for affordable housing for Disney's 75,000 employees.

Tensions between Florida Governor Ron DeSantis and Disney began last year, when the company publicly opposed the state's legislation barring instruction of sexual orientation and gender identity in the classroom.

The Florida legislature passed a bill, which DeSantis signed, giving the governor the authority to appoint supervisors to a board that oversees municipal services and development in a special district that encompasses Walt Disney World resort.

Disney responded by pushing through a developer's agreement and restrictive covenants that would limit the new board's actions for decades. The Governor responded by calling on the state lawmakers to pass a bill that would nullify the company's efforts.