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Disney government dissolution bill signed by DeSantis

DISNEY-WORLD-DISNEY WORLD
Posted at 7:20 PM, Apr 22, 2022
and last updated 2022-04-22 19:20:52-04

ORLANDO, Fla. — Florida Gov. Ron DeSantis has signed a bill dissolving Walt Disney World’s private government, after the entertainment giant criticized a measure that critics have dubbed the “Don’t Say Gay” law.

DeSantis signed the bill on Friday.

It would eliminate the 55-year-old Reedy Creek Improvement District and a handful of other similar districts by June of next year.

The measure does allow for the districts to be reestablished, leaving an avenue to renegotiate its future.

The move could have huge tax implications for Disney, whose series of theme parks have transformed Orlando into one of the world’s most popular tourist destinations.