And what changes? Oh, just Disney getting to become a corporation again, instead of having to run a government that was so insolvent, it nearly sank a financial empire. All their government obligations like pensions, road repair, environmental impacts, subsidies, maintaining the infrastructure besides roads, healthcare, union blah blah blah, all now Florida's problem. And what cost? 1 Billion in bonds to be paid off over a lifetime, which can be restructured at any time.
In this bill Disney's district stays so Florida isn't paying the bills, but it's board is now appointed by the governor so Disney isn't in control of it.
Previously the district board was chosen by landowners in the district (Disney and board alums) and now the board members can't have any ties to Disney.
Basically DeSantis Veritas'd Disney's special government district.
The original was dissolved. This is a new district, under state control. Disney does not own it or operate it. Obligations fall to it, yes, but since it is a state entity, it is now no longer Disney's problem.
It was never Disney's problem. Disney wasn't on the hook for $1 billion.
It was more like a holding company that Disney got to use to run around normal laws and taxes. Now it's DeSantis' to screw Disney with if he selects the right board.
And what changes? Oh, just Disney getting to become a corporation again, instead of having to run a government that was so insolvent, it nearly sank a financial empire. All their government obligations like pensions, road repair, environmental impacts, subsidies, maintaining the infrastructure besides roads, healthcare, union blah blah blah, all now Florida's problem. And what cost? 1 Billion in bonds to be paid off over a lifetime, which can be restructured at any time.
Sure fucking sounds like DeSantis 'won' to me.
In this bill Disney's district stays so Florida isn't paying the bills, but it's board is now appointed by the governor so Disney isn't in control of it.
Previously the district board was chosen by landowners in the district (Disney and board alums) and now the board members can't have any ties to Disney.
Basically DeSantis Veritas'd Disney's special government district.
The original was dissolved. This is a new district, under state control. Disney does not own it or operate it. Obligations fall to it, yes, but since it is a state entity, it is now no longer Disney's problem.
It was never Disney's problem. Disney wasn't on the hook for $1 billion.
It was more like a holding company that Disney got to use to run around normal laws and taxes. Now it's DeSantis' to screw Disney with if he selects the right board.