The ongoing feud between Walt Disney Co. (NYSE:DIS) and the administration of Florida Gov. Ron DeSantis took another twist as the company is questioning the process that will eliminate its special status tax district in June 2023.
What Happened: Florida television station WESH 2 obtained an internal memo sent by Disney to its investors that said the dismantling of the Reedy Creek Improvement District cannot occur unless the state arranges for the transfer of its bond obligations — a requirement that was not cited in legislation signed into law by DeSantis that dismantles Reedy Creek.
