The Republican governor responded by seeking to tarnish Disney as"woke," and moved to end the special status that allows the resort to effectively run as its own municipal government on the 39-square mile property it owns, called the Reedy Creek Improvement District.
As a result, the bid to disband the special tax district in Orange and Osceola counties would break an agreement made by Florida when it created the district in 1967, the company signaled. Florida is contractually obligated not to get involved with the district until the bond debt is paid off, Jacob Schumer, a municipal attorney with Maitland, Florida, law firm Shepard, Smith, Kohlmyer & Hand, told CBS MoneyWatch.
Source: News Formal (newsformal.com)
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Disney tells investors that Florida is out of lineThe company says the state can't dissolve its private government under current circumstances. (cc: carlquintanilla faststocknewss StockMKTNewz) Private government. Disney. Spooky. This has clearly been going on for a long while, but this is some creepy stuff. Do you believe DisneyWorld should fight back, or lay low in hopes this is to the GOP’s own demise?
Source: axios - 🏆 302. / 63 Read more »
Disney tells investors Florida can’t dissolve special district without paying $1 billion debtIn essence, the state had a contractual obligation not to interfere with the district until the bond debt is paid off, experts said. Screw Disney !!! Disney needs to go bankrupt !
Source: PennLive - 🏆 463. / 53 Read more »
Disney Strategy Is to Stay Silent to Soften Florida Gov. Ron DeSantis’s BlowThe governor surprised the company and many fellow Republicans as he pushed them to eliminate Disney’s longtime tax benefits after a clash over a law limiting classroom discussions of gender and sexuality. Disney will silently also stop all contributions to the Republican Party . What a great win that would be Shut em down Campaign contributions through a superpac, either to the incumbent or the challenger, ought to do it. And cheap.
Source: WSJ - 🏆 98. / 63 Read more »
Disney says Florida can't dissolve theme park's special tax statusCompany tells investors it is business as usual in the Sunshine State, despite feud with governor and lawmakers. DavidJollyFL DictatorDeSantis oversteps his authority, w a shortsightd illegal plan to wage revenge on a Corp who exercises its right to FREE SPEECH. Wastng FL Taxpayer$ on personal vendettas. Using the Legislature to harm children & families by threateng the basic community infrastructure. If that's the case then why is Disney worried? Says the entertainment giant that brags about Fort Wildness once being the hunting grounds of the Seminoles that the Dems marched out on the Trail of Tears… Facts are stubborn things:/ ITSASMALLWORLDISRACISTASFUCK
Source: CBSNews - 🏆 87. / 68 Read more »
Disney says Florida can’t dissolve special tax district until debt is fully paidDisney is fighting back at efforts by Florida lawmakers to repeal the special district that governs Walt Disney World, saying a provision in a state law could prohibit such a move. how many Billion did DeSantis saddle local economy with his dumb politucan anti-free speech stunt.. GQP hate Free Soeech What a time to be alive. Don’t let this distract you from what your government is doing though. Shady evil things that will effect your children. Wake up.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Disney-governed district in Florida responds to efforts to dissolve itThe Walt Disney Company's special governing district in Florida has responded to a new law seeking to dissolve it, saying the state would be on the hook for the district's current outstanding debt obligations of approximately $1,000,000,000. Disney is going to feel the heat before DeSantis. They are already losing value. Families are quiet but they agree with the governor. They want Disney to value them, the actual target, more than a fringe group of childless adults. DeSantis led Florida to prosperity, he's ok. RonDeSantisFL right about now... Not sure the law is retroactive. Any debt incurred by Disney is payable by Disney. Depends on the debt instruments.
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