ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
The future of Walt Disney World’s Reedy Creek Improvement District finally may be taking shape, but without the theme park giant as part of it.
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A public notice filed on the Osceola County website states that there is an “intent to seek legislation before the Florida Legislature during a regular, extended, or special session” related to the future of the eventual dissolution of Reedy Creek, which was signed into law last April by Florida Gov. Ron DeSantis.
“The corporate kingdom has come to an end,” said DeSantis’ Communications Director Taryn Fenske, in a prepared statement sent to Orlando Business Journal. “Under the proposed legislation, Disney will no longer control its own government, will live under the same laws as everyone else, will be responsible for their outstanding debts, and will pay their fair share of taxes. Imposing a state-controlled board will also ensure that Orange County cannot use this issue as a pretext to raise taxes on Orange County residents.”
Click here to read the full story on the Orlando Business Journal’s website.
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