ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
The state of Florida’s impending dissolution of Walt Disney World’s (NYSE: DIS) Reedy Creek Improvement District has spiked trade activity among bond holders.
Reedy Creek Improvement District is the 39-square-mile governing jurisdiction and special taxing district created in 1968 for Walt Disney World Resort’s land that acts with the same authority and responsibility as a county government.
The district includes two cities -- Bay Lake and Lake Buena Vista -- and has its own fire department and staff, and contracts law enforcement from local counties.
The district has outstanding bonds that become a cause for concern for some bond rating agencies regarding the fallout of its upcoming June 23 dissolution.
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