Florida can reverse Disney’s decision to strip the area around theme parks

after stripping Disney about the power to create your own government for the Magic Kingdom, Epcot and other countries Disney theme park in Orlando in April, lawmakers in Florida are developing plans to reverse that decision, according to new reports.

Financial Times says officials are working on a compromise that would allow the state’s largest revenue maker and one of its top employers to once again tax themselves to cover the costs of roads, services, and transportation. fire, electricity and more in the area, known as the Reedy Creek Improvement District.

The news of the action comes less than two weeks after Bob Iger regained control of Disney, replacing Bob Chapek, who angered Florida Governor Ron DeSantis when the entertainment giant voiced opposition to the bill. State’s “no gay talk”.

“It’s easier to change policy when you don’t have to protect the old policy,” Randy Fine, the lawmaker who drafted the bill stripping Disney of control of the region, told The New York Times. FT. “Chapek screwed up, but Bob Iger doesn’t necessarily own that mistake.”

Disney is one of Florida’s biggest employers and had a $75.2 billion annual economic impact on Central Florida in 2019. That gives it a lot of traction, but Chapek poor handling oppose the bill invoice (according to angry among workers at his silence and, ironically, Iger’s outcry when he was not affiliated with Disney) burned a lot of that political capital.

Of course, time has nothing to do with Iger. Dissolution of the county, currently scheduled to take place in the summer of 2023, will cost Florida nearly 1 billion USD in bond debt and will likely result in higher property taxes in the Orlando area to offset revenue losses from the district.

The Reedy Creek District, granted in 1967, gives Disney extremely broad rights to do basically whatever it wants on the lands it owns.

“They can have their own nuclear plant—they can build their own airport if they want to,” said Jim Clark, a professor of Florida history at the University of Central Florida. told Luck in April. “Disney has the right to decide what their priorities are, as opposed to the county government deciding what is a priority.”

A potential compromise is being discussed, said FT, would see Disney give up the right to build those factories and airports, things it wouldn’t be able to use. DeSantis may also be allowed to appoint some members to the Reedy Creek board, giving him political bragging rights.

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