Florida Gov. Ron DeSantis said that Disney will have to pay its own debts as the entertainment corporation claimed the state would have to foot its bills for bond taxes when its special status is revoked.
Last month, Florida’s Legislature passed a DeSantis-backed bill that rescinded Disney’s 55-year special governing status that allows it to control a vast, 25,000-acre parcel of land near Orlando that houses Walt Disney World and other facilities.
After the bill was signed by the Republican governor, the Burbank, California-based company criticized the move to strip the Reedy Creek Improvement District of special privileges. It claimed there is a clause in the decades-old original contract that says Florida would be responsible for its bond debt, which amounts to hundreds of millions of dollars.
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