Here’s the Latest on the Dissolution of Disney’s Reedy Creek Improvement District

The Walt Disney Company has been experiencing some political pushback following their condemnation of Florida’s Parental Rights in Education bill. 

Rainbow Mickey Plush

Previously, we’ve seen Florida politicians, including Gov. Ron DeSantis, move to dissolve the Reedy Creek Improvement District. The dissolution of Reedy Creek will remove many creative and expansive freedoms for Disney, while potentially placing the burden of maintenance costs on taxpayers. And now, we have an update on this situation.

The dissolution of Reedy Creek is expected to take place by June 2023, leaving many residents wondering what that will mean for them — even inspiring some to take legal action. And, according to an Orlando Business Journal article, experts are also speculating that tax burdens may fall on residents in Orange and Osceola counties, potentially surpassing $1 billion in debt and costs.

©Reedy Creek

In terms of moving forward, DeSantis has confirmed he’s working on new legislation regarding the district, although no details beyond that have been shared. The article also points to an event at Seminole State College where DeSantis announced that local governments would not be allowed to take control, leaving the state to assume control, regulate laws, and collect taxes.

Reedy Creek Fire Marshal Sign in Disney World

There still aren’t specific plans for the dissolution, but we know it won’t be effective until June 1st, 2023 (according to the bill). However, according to Bryan Griffin, a spokesman with DeSantis’ office, the debts of Reedy Creek will not fall on the local residents, and they’ll share more in the future.

Reedy Creek trash cans in Disney Springs

Most experts find the ambiguity of the dissolution and its troubling logistics to be concerning. This has some experts, like Chad Emerson, author of the book “Project Future: The Inside Story Behind the Creation of Disney World,” pointing to keeping Reedy Creek as the best solution for citizens, workers, and Florida businesses.

Magic Kingdom

UPDATE: The Director of Florida’s Division of Bond Finance, Ben Watkins, has said that there will probably be a successor district created by Florida lawmakers, according to Bloomberg. This district would take on most of the power to perform municipal functions that the Reedy Creek district holds right now. It would also take on its debts. 

Watkins said that it is also to be expected that the previously-granted powers given to the district that were never used will not be authorized, like operating a nuclear power plant. He also said that Gov. DeSantis’ office has been supportive of the idea of a successor district, but legislators do have the final say in what will happen.

Tower of Terror

There is still another lawsuit filed by Central Floridians regarding the potential tax implications, which is expected to be heard in late July or August. We’ll update you when there’s more movement on the lawsuit, as well as the dissolution of Reedy Creek.

In the meantime, to understand this situation better, take a look at Disney’s response to Florida’s Parental Rights in Education bill. Then, check out the reaction from Florida politicians, which included the inspiration to dissolve Reedy Creek. 

Disney Décor During Pride Month

We’ll continue to bring you the latest Disney updates, so stay tuned to AllEars.

Florida Will Likely Take Control of Reedy Creek Improvement District

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3 Replies to “Here’s the Latest on the Dissolution of Disney’s Reedy Creek Improvement District”

  1. Disney is a huge employer for the area boosting both state & local taxes with their payroll alone. Now the burden will fall on local municipalities to cover everything from garbage removal to ambulances. It’s a shame that DiSantas had a knee jerk reaction & now is too proud to walk it back & the people will wind up paying.

  2. So the taxpayers won’t have to pay. Sounds like a ‘too good to be true’ kind of statement. So nobody pays? The way I look at it when a politician’s first reaction to something is to say that the taxpayers won’t have to pay, you are a fool if you believe that. That is exactly what will happen. You will pay. And, I think, this is just another situation where a politician, like the governor of Florida, has the zero sum game mentality: WE win and Disney loses. Disney provides far more to the state of Florida and the local municipalities than they want to admit. You may not like the way they snuck into Florida and their somewhat underhanded business model. But you cannot argue with their success. Disney will be there long after the politicians are gone and forgotten. Maybe it’s time for DeSantis to give Disney the fist bump and accept that sometimes you have to concede that winning doesn’t mean you always get everything you want in life.

  3. The Governor wants the state to directly collect so he can hide the fact that the citizens are getting more taxes and paying the debt. All because he got in a huff.