FloridaThe Republican-controlled state legislature has approved a dissolution measure Walt Disney CompanyA governing agreement with the state that potentially terminates a multi-year deal that allowed the company to manage and tax most of its resort property after it was opposed because opponents called the state’s “Don’t Tell Gays” law.

During a special legislative session convened to review the state’s plans to transform the area, the Florida House of Representatives on April 21 finally passed a measure to eliminate the Reed Creek area, the governing body for Orlando facilities at Disney.

This step is handed over by the Republican governor Ron DeSantis victory in his ongoing enmity with the corporate giant – the state’s largest private employer, with parks alone employing about 80,000 workers – and the economic engine and political heavyweight that brought state lawmakers tens of thousands of dollars, including at least $ 50,000. re-election of the governor.

It could also create big tax and financial headaches for residents who could absorb the debt on Disney bonds as lawmakers work to unravel what will happen before the district’s dissolution in 2023.

This is an evolving story

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