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Florida’s Bond Chief Sees Disney District Being Re-Established
By
July 22, 2022 at 10:15 AM PDT
Florida’s head of bond finance said lawmakers will likely re-establish the embattled ’s special district after the state passed a law that would dissolve the governing body next year.
Ben Watkins, director of the state’s division of bond finance, said legislators are likely to create a successor district, one that will assume many of the powers that , the agency that allows Disney to preform certain municipal functions at its resort properties like emergency services, garbage collection and infrastructure funding, currently has. The new district won’t have some of the powers previously granted that were never used such as operating a nuclear power plant.
“I’m confident that Reedy Creek will get addressed in a more meaningful way,” he said Thursday. Lawmakers will likely restore a limited version of the special district in the next legislative session, Watkins said. He added that Governor Ron DeSantis’s office has been “supportive” of the successor district approach, though lawmakers ultimately have the final say in how legislation will be drafted.
The state legislature, urged by DeSantis, abruptly passed legislation in April that will dissolve Reedy Creek in 2023 without further action. The law was seen by critics as retribution for Disney’s critique of a DeSantis-backed law that restricted discussion of gender identity and sexual orientation in public schools.
It's not nice to try and fool Wall Street,
By
July 22, 2022 at 10:15 AM PDT
Florida’s head of bond finance said lawmakers will likely re-establish the embattled ’s special district after the state passed a law that would dissolve the governing body next year.
Ben Watkins, director of the state’s division of bond finance, said legislators are likely to create a successor district, one that will assume many of the powers that , the agency that allows Disney to preform certain municipal functions at its resort properties like emergency services, garbage collection and infrastructure funding, currently has. The new district won’t have some of the powers previously granted that were never used such as operating a nuclear power plant.
“I’m confident that Reedy Creek will get addressed in a more meaningful way,” he said Thursday. Lawmakers will likely restore a limited version of the special district in the next legislative session, Watkins said. He added that Governor Ron DeSantis’s office has been “supportive” of the successor district approach, though lawmakers ultimately have the final say in how legislation will be drafted.
The state legislature, urged by DeSantis, abruptly passed legislation in April that will dissolve Reedy Creek in 2023 without further action. The law was seen by critics as retribution for Disney’s critique of a DeSantis-backed law that restricted discussion of gender identity and sexual orientation in public schools.
It's not nice to try and fool Wall Street,
