A group of Florida residents has sued the state in a bid to stop it from dissolving Walt Disney World’s special district, which has allowed the company for decades to run its theme park and surrounding areas as it sees fit.
The looming dissolution was triggered when Florida Gov. Ron DeSantis, a Republican, signed in April a bill to axe the special district and others like it.
According to the lawsuit, which was filed in federal court, the bill violates the agreement Florida entered into with Disney in 1967 when the district was formed.
The district currently owes approximately $1 billion in tax and utility bonds, according to Fitch Ratings.
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