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DeSantis says Florida will take over Reedy Creek instead of saddling counties with $1B bond debt

Florida governor Ron DeSantis says that the state will likely take over Disney World’s Reedy Creek Improvement District rather than local governments absorbing the special district.

DeSantis insisted on Monday that taxpayers in central Florida near Reedy Creek will not be forced to absorb the nearly $1billion bond debt that the district currently carries once its dissolution is completed in 2023.

The governor said that he is working on the proposal for the state to take over Reedy Creek and that he expects it to be considered after the November elections.

Florida Governor Ron DeSantis said on Monday that the state of Florida would assume control of Disney's Reedy Creek instead of saddling local counties with the district's $1billion debts

Florida Governor Ron DeSantis said on Monday that the state of Florida would assume control of Disney’s Reedy Creek instead of saddling local counties with the district’s $1billion debts

DeSantis stripped the special district that comprises Disney World and its surrounding properties of of its status in April. The district is due to dissolve on June 1, 2023

DeSantis stripped the special district that comprises Disney World and its surrounding properties of of its status in April. The district is due to dissolve on June 1, 2023

DeSantis stripped the special…


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