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Reedy Creek Improvement District

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business-legal1 year ago

"Disney and DeSantis Settle Lawsuit Over Florida Tax District Control"

Disney has settled its legal battle with Florida Gov. Ron DeSantis over control of the Reedy Creek Improvement District, relinquishing its self-governing powers in a victory for DeSantis. The settlement also includes dropping a lawsuit over access to public records and deferring briefings in a federal lawsuit. DeSantis will appoint board members sympathetic to Disney, signaling a new chapter of engagement, while Disney's criticism of the "Don't Say Gay" bill had strained relations.

via New York Post |
#business-legal#disney#florida
legal-business1 year ago

Judge Dismisses Disney's Lawsuit Against Gov. DeSantis

A federal judge in Florida has dismissed a lawsuit filed by Disney against Gov. Ron DeSantis and other state officials over the state legislature's decision to alter the governing structure of the Reedy Creek Improvement District, for which Disney was the main landowner. The change was made in retaliation for criticism of the "Don't Say Gay" bill. The judge ruled in favor of DeSantis, citing lack of standing and 11th Amendment immunity, and the case was dismissed without prejudice, meaning it can be brought again with proper standing.

via ABC News|
#disney#florida#lawsuit
business2 years ago

Disney's Reedy Creek Tenure Under Fire: Allegations of Bribery and Tax Controversy

The Central Florida Tourism Oversight Board, appointed by Florida Governor Ron DeSantis, is set to review a scathing report accusing Disney of bribery and control over the Reedy Creek Improvement District. The report alleges that Disney co-opted officials with perks like season passes, while exercising control over the district's inner workings. Disney has called the report "revisionist history" and claims it is part of a wasteful litigation effort. The district is at the center of a legal battle between Disney, DeSantis, and the appointed board, with Disney alleging retaliation for its opposition to a controversial bill.

via Deadline|
#bribery#business#disney
politics2 years ago

DeSantis to Announce Crackdown on Disney in News Conference.

Florida Governor Ron DeSantis has announced that the state legislature will "formally nullify" Disney's attempts to prevent a state takeover of its special governing powers. DeSantis had previously moved to take over the Reedy Creek Improvement District, which gave Disney control over the land around its Central Florida theme parks, and install his political allies on the district's board of supervisors. Disney reached an agreement with the outgoing board that seemed to render the body powerless to control the entertainment giant. DeSantis said lawmakers will advance a bill to ensure that "you don't get to put your own company over the will of the people of Florida."

via CNN|
#disney#florida#politics
business2 years ago

Bob Iger's Views on Disney World Feud, Firing, Advice, and Future Plans.

Walt Disney Company CEO Bob Iger said he would be willing to meet with Florida Governor Ron DeSantis to discuss the ongoing feud between the two parties. Iger emphasized that Disney's sole goal in Florida is to continue creating value for all constituencies and that they have the desire to invest and grow their business in the state. The feud began after Disney denounced Florida's Parental Rights in Education bill last year, and Reedy Creek Improvement District passed restrictive covenants that handed most of the district's power to Disney for at least 30 years.

via WDW News Today|
#bob-iger#business#central-florida-tourism-oversight-board
entertainment2 years ago

Bowen Yang's Jafar Roasts Ron DeSantis Over Disney Feud on SNL

Bowen Yang appeared on "Weekend Update" as Jafar to comment on the ongoing feud between the Walt Disney Company and Ron DeSantis. DeSantis tried to dissolve the Reedy Creek Improvement District after Disney came out against the "Don't Say Gay" bill, but local officials signed an agreement giving Disney power of the land until "21 years after the death of the last survivor of the descendants of King Charles III, king of England." Jafar taunted DeSantis, saying "we will outsmart you at every turn."

via Vulture|
#bowen-yang#entertainment#reedy-creek-improvement-district
business2 years ago

Disney CEO condemns DeSantis' actions as anti-business and anti-Florida.

Disney CEO Bob Iger accused Florida Governor Ron DeSantis of retaliating against the company for a stance the former company chair took on what critics dubbed the "Don't Say Gay" law. Iger called it "anti-business" and "anti-Florida." An investigation into an agreement made in February between Disney and former Reedy Creek Improvement District members was ordered by the governor. The agreement prevents new board members from making changes to the terms, and DeSantis says it was "designed to usurp the authority of the CFTOD board," a board consisting of new members appointed by DeSantis.

via WESH 2 Orlando|
#business#constitutional-rights#disney
politics2 years ago

Disney and DeSantis Clash Over Special District Board Power

Florida Governor Ron DeSantis has requested a state investigation into the former Reedy Creek Improvement District after learning that Disney had stripped his board of its power. The new board, renamed the Central Florida Tourism Oversight District, had made a last-minute deal granting Disney power over the district’s development rights. DeSantis claims that the board’s actions suffer from serious legal infirmities, including conflicts of self-interest and self-dealing. He has requested that the Chief Inspector General investigate the Reedy Creek Improvement District and its adherence to state civil and criminal laws and ethics requirements.

via WKMG News 6 & ClickOrlando|
#disney#florida-government#investigation
politics2 years ago

DeSantis and Disney clash over board power and gun laws.

Governor Ron DeSantis has ordered an investigation into the agreement made between the previous Board of Supervisors of the former Reedy Creek Improvement District (RCID) and Walt Disney World. The agreements gave Disney wide-ranging powers over the territory where the theme parks operate and prohibit the new board members from changing the terms. DeSantis claims the agreements were "designed to usurp the authority of the CFTOD board" and is requesting an investigation into potential civil and criminal violations.

via WESH 2 Orlando|
#florida#investigation#politics
politics2 years ago

Disney vs. DeSantis: The Power Struggle Continues.

Florida Governor Ron DeSantis has warned the Walt Disney Company that there is more to come in their ongoing legal battle, following the company's autonomous board effectively stripping its successor of power. DeSantis' administration is examining whether a secret deal between the now-defunct Reedy Creek Improvement District and Disney is legal. The district, which manages Disney's theme parks and resorts in and around Orlando, was dissolved last month after Disney opposed a law limiting sex and gender education. The newly created Central Florida Tourism District is now under state control, but the board claims it is powerless to exercise any real authority.

via New York Post |
#florida#legal-scrutiny#politics
business2 years ago

Disney Strips Power from DeSantis' Oversight Board in Plain Sight

Disney has gained enormous control over the development of its resort property in Florida after the Reedy Creek Improvement District's board of supervisors unanimously approved a developer's agreement and a declaration of restrictive covenants. The move came on the same day that Florida lawmakers were meeting to consider a bill that would replace the Disney-controlled board with a panel appointed by Governor Ron DeSantis. The governor signed the bill more than two weeks later, but his appointees on the new board only recently learned about Disney's last-minute agreements with the former board.

via WKMG News 6 & ClickOrlando|
#business#development-agreement#disney
business2 years ago

Disney Outmaneuvers DeSantis' Board with Power Play

Disney used a legal clause that name checks King Charles III to apparently thwart Florida Gov. Ron DeSantis' attempt to strip the company of its self-governance power in the state. On Feb. 8, the day before the Florida House voted to put DeSantis in charge, the previous Disney-allied board signed a long-lasting development agreement that drastically limits the control that can be exercised over the company and its district. The agreement includes a royal clause that dates back to 1692 in Britain and would extend its term limit for decades.

via CNBC|
#business#development-agreement#disney