ORLANDO, Fla. — Dissolving Walt Disney World’s Reedy Creek Improvement District could saddle local taxpayers with about $1 billion in debt and leave local governments scrambling with how to take over vital services for Florida’s top tourist attraction.
State legislators passed a bill Thursday that dissolves the district The Walt Disney Co. uses to self-govern its Florida theme park properties on June 1, 2023. Gov. Ron DeSantis, who has been battling with the entertainment giant, was expected to sign it into law.
What happens next is unclear, but Orange County’s tax collector and other opponents of the bill say ending Reedy Creek could lead to higher taxes for Orange and Osceola residents.
