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They Tried to Stick Florida with Disney's Billion-Dollar Debt, Then DeSantis Delivers the Bad News

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30.04.2022

How much is a child’s mind worth? Disney may be betting that it’s worth more than Gov. Ron DeSantis is willing to pay. It’s a bad bet. For DeSantis, and for the great majority of Americans, a child’s mind is priceless.

Reedy Creek Improvement District, Disney’s self-governing special district, is arguing that Florida’s move to do away with the law that permits it to operate would come at a great price, Newsweek reported.

The legislation, implemented in 1967, included a pledge by the state of Florida that it would not “impair the rights or remedies” of the holders until all its debts are cleared.

Reedy Creek has around $1 billion in bond debt and is suggesting Floridians will have to pay it off through taxes before it loses its special status. DeSantis, in an interview with Laura Ingraham, called Reedy Creek’s argument a “fiction.”

It all started when Disney threw a tizzy fit over the DeSantis-backed House Bill 1557, which critics have dubbed the “Don’t Say Gay” bill, though the word........

© Western Journalism


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