Florida Gov. Ron DeSantis on Friday signed a legislature-passed bill to dissolve Walt Disney World’s self-governing status in central Florida.
The law would eliminate the 55-year-old Reedy Creek Improvement District and several similar districts by June 2023. The measure allows those districts to be reestablished under circumstances.
It could have significant tax implications for Disney, which operates a series of theme parks in its 25,000-acre district.
“Don’t worry, we have everything thought out,” DeSantis said during a press conference in Hialeah. “Don’t let anyone tell you that somehow Disney is going to get a tax cut out of this, they’re going to pay more taxes as a result of that.”
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