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To: Gnome1949
If the debts belong to Disney, Disney has to pay them.

The debt wasn't Disney's. The debt was issued by Reedy Creek Improvement District. That is being eliminated by the state. If the county has to assume responsibility for all the infrastructure that Reedy Creek maintained they they'll likely be stuck with the debt too.

38 posted on 04/27/2022 4:50:27 PM PDT by DoodleDawg
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To: DoodleDawg

Yes but it sounds like they would get the park. I assume there is no local general purpose government there other than the county.


“Unless otherwise provided by law, the dissolution of a special district government shall transfer title to all of its property to the local general purpose government, which shall also assume all indebtedness of the preexisting special district.”


46 posted on 04/27/2022 5:20:58 PM PDT by scrabblehack
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To: DoodleDawg
“If the county has to assume responsibility for all the infrastructure that Reedy Creek maintained they they'll likely be stuck with the debt too.”

Great example of FUD - fear, uncertainty and doubt.

That is enough to stop a Bush Republican in their tracks.

“Don't move forward; the Democrats are smarter than we are and will beat us, and will make us gather the straw to make the bricks.”

But DeSantis is not Jeb Bush. Disney is just about to find that out.

54 posted on 04/27/2022 5:33:16 PM PDT by jeffersondem
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