In a brief meeting this afternoon, Reedy Creek Improvement District CEO and Administrator John Classe spoke about the bill signed by Florida Governor Ron DeSantis that aims to dismantle Disney World’s special taxing district. While the district attempted to assure investors that the State of Florida will have to assume $1 billion worth of debt before the district can be dismantled, Classe said that the effects of the bill are already being felt (via Orlando Sentinel).
At the beginning of April, Disney announced plans to build two new solar arrays that will more than double the energy resources of the Walt Disney World Resort. Now, Classe says that the developer of the project is facing challenges over financing due to uncertainty surrounding the legislation and what impact it may, or may not, have on the district.
I learned this week that our planned expansion… of our solar power program, just one of the 75-megawatt facilities that we have in the pipeline, could be delayed because of the developer experiencing financing challenges relating to the uncertainty surrounding the legislation
More plans on what the bill will actually mean to the Reedy Creek Improvement District, and its projects, are expected from Governor DeSantis in the coming weeks.
As always, keep checking back with us here at BlogMickey.com as we continue to bring you the latest news, photos, and info from around the Disney Parks!
If it’s such a burden on the state let them take it. Sounds like you jare making the argument that y’all have a sweetheart deal and trying to throw shade on the governor. Bet Universal would like to have a Reedy Creek deal. Prices are going to go up you say and now you say the state is going to hurt..BS!
Universal has more tax advantages than Disney World
https://www.miamiherald.com/news/politics-government/state-politics/article260783972.html
DeSantis did this because his feeling were hurt. That is nit the way to govern. There may very well be legitimate reasons to get rid of Reedy Creek. A few questions s though:
1- Why rush it through right now? Why no study on it?
2- Shouldn’t DeSantis already know how 1 Billion in debt will be handled?
3- if is such a good idea why eliminate only districts prior to 1968.
4 if such a good idea and this is good governance (which it’s not), why not all special districts. Why not the Villages?