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The previous board signed a long-term agreement with Disney that limits what the district can do.
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The company plans to trim the workforce by about 7,000 people.
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The response comes after last year's shooting incident at the park.
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Executives from major US companies will convene at the conference.
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Disney will boost minimum wages to $18 by the end of the year.
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The manufacturer of the ride systems around the world has seen a number of losses in recent years.
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The area of the park has been closed for renovations for about a year.
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The 14-year-old boy fell to his death from the ride about a year ago.
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The new height requirement is 48 inches.
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The Disney CEO made the comments at an analyst media conference.
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Some residents speak out against the project.
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Jeff Reitz visited the theme park on 2,995 consecutive days.
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Compared to last year, the company saw 26% fewer guests and a 9% drop in revenue.
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The classic ride is one of only five operating, according to the park.