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DeSantis Rush to Battle Disney Begs $1 Billion Debt Question (1)

April 20, 2022, 5:11 PM

Florida Governor Ron DeSantis’s move to escalate a dispute with Walt Disney Co. by terminating its iconic theme park’s special privileges leaves $1 billion in municipal debt hanging in the balance. Even the bill’s Senate sponsor said it’s too soon to say exactly who would pay back the debt.

Bills were quickly introduced in both chambers on Tuesday that could terminate all special districts that were enacted in Florida prior to 1968, including the Reedy Creek Improvement District where the company’s Walt Disney World resort is based. The measure was approved by the Senate on Wednesday, and it will ...