Disney has issued an important warning about how the ongoing battles in Florida could really impact the Company.
Monorail
We’ve got a long post on the history here, but the basic story here is that following Disney’s statement against the Parental Rights in Education Bill (what critics called “Don’t Say Gay”), Florida Governor Ron DeSantis and Florida legislators took steps to dramatically change the Reedy Creek Improvement District Disney had controlled and operated under for 50+ years. Disney has filed a federal lawsuit alleging that this was all a plan of retaliation by the Governor and others, the Governor has signed a law to void some of Disney’s agreements with the prior board, the new board of the District has filed a lawsuit against Disney, and (basically) the battle is still ongoing. But now we’ve got an interesting development to share.
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