We’ve already taken a look at some of the massive challenges Iger will have to face as the returning CEO and the big things fans want him to tackle. One of the challenges on that list is addressing the situation with the dissolution of Disney World’s Reedy Creek Improvement District. Here are the latest updates on that district and what Bob Iger’s return could mean for Disney’s relationship with Florida politicians.
Something that is critical to the way Disney World currently functions is plagued with uncertainty right now.
For years, Disney World has had a large amount of control over the land on which it operates in Florida thanks to the Reedy Creek Improvement District (RCID). Essentially, the RCID has allowed Disney to (in many ways) function as its own county government. Through the RCID, Disney has imposed and collected taxes on its land, issued bonds, and made all kinds of other decisions without some of the typical oversight that hinders other developers. But all of that is about to change.
The Walt Disney Company has been at odds with Florida Governor Ron DeSantis ever since the company spoke out against Florida’s Parental Rights Bill (or what critics call the “Don’t Say Gay” bill) that the governor eventually signed into law.
Governor DeSantis retaliated against the company by threatening to dissolve Disney World’s Reedy Creek Improvement District, which allowed Disney World to act as its own county government. The Governor’s efforts to dissolve the district were successful, and a bill was passed to do so. Now, where do things stand with this situation?
The political controversy surrounding Disney World’s Reedy Creek Improvement District (RCID) is far from over in Florida. Governor Ron DeSantis signed a bill into law that will dissolve RCID, which is a special district that essentially allows Disney World to operate as its own county.
The nature by which the bill to dissolve RCID was passed has been criticized by some, and others worry that the change will place a heavy burden on taxpayers in the counties where Disney World is located. As a result of the bill passing, some taxpayers decided to take legal action by suing Gov. DeSantis. Now we’ve got another update on this saga. [Read more…]
The saga with Disney World’s Reedy Creek Improvement District (RCID) continues in the state of Florida.
The RCID is a special district under which Disney World’s land has operated for 50+ years. The special district arrangement essentially allows Disney to, in many ways, act as its own county and have a great deal of control over decisions made regarding the land it operates on in Orlando. But a recent bill passed by the Florida legislature and signed into law by the Florida Governor would dissolve the district in 2023 (unless a new agreement is reached). Now some Florida taxpayers are making their voices heard when it comes to this matter.
Things at Disney World could be CHANGING in a big way.
A bill that will dissolve the Reedy Creek Improvement District (“RCID”) has passed the Florida Senate and House of Representatives, and been signed by the Florida Governor. The RCID is a special district that has allowed Disney World to essentially act as its own county and have a great deal of control over the land on which it operates in Orlando. There have been some, however, who have argued that there might be some MAJOR roadblocks that could stand in Florida’s way of dissolving the RCID. What if the RCID does get dissolved, though? What could happen next? Well some Florida lawmakers are chiming in with their thoughts.
WOW. That’s all we have to say. “WOW.” 😱
Okay, obviously we have more to say than just “wow” or there would be no article! But this week was seriously a BIG one when it comes to Disney news. From huge Halloween announcements to some hotel news you’re not going to want to miss out on — we’ve got it all wrapped up in one, nice little package for you right here! What are you waiting for?! Let’s get on with our summary of the biggest Disney news from this week!
Over just the last few months, the situation with Disney World’s Reedy Creek Improvement District (RCID) has greatly changed.
The RCID is a special district under which Disney World has operated since its creation in 1967. The RCID essentially allows Disney World to act as its own county and have a great deal of control and direction over decision-making for the land on which it operates in Orlando. The RCID is now set to be dissolved in 2023 due to a bill that was recently passed by the Florida House of Representatives and Senate, and then signed by Governor Ron DeSantis. But the dissolution the RCID could encounter a big roadblock when it comes to the RCID’s debts.
Disney World’s Reedy Creek Improvement District (RCID)– the arrangement that essentially lets them act as their own county and have a lot of control over their land in Orlando, Florida — could be in jeopardy.
What started as just an idea suggested by a Florida representative, eventually gained the support of Florida’s Governor and was added to a special legislative session. The Florida Senate recently passed a bill that would dissolve the RCID, and now we’ve got a BIG update on the situation.
Threats to Disney World’s ability to govern its own property in Florida (thanks to a special independent district it has operated under for years) are now becoming very real.
Earlier this year, we shared how one Florida representative had mentioned the idea of repealing the act that formed the Reedy Creek Improvement District — a district that essentially allows Disney World to act as its own county with relation to the land on which it operates in Orlando, Florida. The Florida Governor then expanded a session session of the legislature to allow for this action to be considered. And now we’ve got some huge updates.