Disney government dissolution bill signed by DeSantis

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis has signed a bill dissolving Walt Disney World’s private government, after the entertainment giant criticized a measure that critics have dubbed the “Don’t Say Gay” law.

FILE – The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange on Aug. 7, 2017. Florida Gov. Ron DeSantis on Tuesday, April 19, 2022, asked the Legislature to repeal a law allowing Walt Disney World to operate a private government over its properties in the state, the latest salvo in a feud between the Republican and the media giant. (AP Photo/Richard Drew, File)

DeSantis signed the bill on Friday. It would eliminate the 55-year-old Reedy Creek Improvement District and a handful of other similar districts by June of next year.

The measure does allow for the districts to be reestablished, leaving an avenue to renegotiate its future.

The move could have huge tax implications for Disney, whose series of theme parks have transformed Orlando into one of the world’s most popular tourist destinations.

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