The Walt Disney Company and Florida Governor Ron DeSantis have been at odds since Disney opposed Florida’s Parental Rights in Education law (called the “Don’t Say Gay” bill by some). In retaliation, DeSantis threatened to dismantle Disney World’s Reedy Creek Improvement District and was ultimately successful in passing a bill that would do so. This district essentially allowed Disney World to function as its own county government.
The dissolution of the Reedy Creek Improvement District (which takes effect in June 2023) happened quickly and has left many questions about the practical issues that will need to be addressed. For example, who will absorb Disney’s nearly $1 billion in bond debt? Now, Gov. DeSantis has given an update on what might happen once Reedy Creek is gone. [Read more…]