Florida may reverse decision on Disney’s Reedy Creek District: report

Posted 57 days ago

From WWW.FOXBUSINESS.COM

A resolution to the politically charged conflict that developed this year between the state of Florida and the Walt Disney Company may reportedly be in the works.

The state's lawmakers are working on plans to reverse a move that would strip Disney of its right to operate a private government around its theme parks, according to the Financial Times.

In April, the Florida legislature voted to dissolve Disney’s 55-year-old special tax district following a public feud between Gov. Ron DeSantis and then-chief executive Bob Chapek.

BOB IGER RETURNS AS DISNEY CEO AFTER LESS THAN A YEAR IN RETIREMENT

The conflict was over a new state law restricting discussion of LGBTQ issues in classrooms.

Chapek stepped down from the position last month, with former CEO Bob Iger returning, and it's believed his return will help pave the way for a resolution.

DID DISNEY'S WOKE AGENDA CAUSE THE CEO SHAKEUP?

That district allows Disney to tax itself to cover the costs of providing water, power, roads and fire services in the area, known as the Reedy Creek Improvement District.

A compromise would allow Disney to keep the arrangement largely in place with a few modifications.

Still, a spokesperson for DeSantis told FOX Business the governor "does not make 'U-turns.' The governor was right to champion removing the extraordinary benefit given to one company through the Reedy Creek Improvement District. We will have an even playing field for businesses in Florida, and the state certainly owes no special favors to one company. Disney's debts will not fall on the taxpayers of Florida. A plan is in the works and will be released soon."... (Read more)