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.
Click here to read the full story on the Orlando Business Journal’s website.
:quality(70)/d1hfln2sfez66z.cloudfront.net/06-18-2022/t_bfc706bf9fe8430686b069f9926ceae8_name_rem_15___Governor_Desantis_in_Pensacola_on_the_Border_Crisis_frame_45777.png)
©2022 Cox Media Group
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/B62QQBSTIFBZJOQD2O7LFC3UCY.png)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/WJVERMTCKFHFPBF2LNONHSDB4M.jpg)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/3626MAF7ZFHEZBT6OGRVB5QUF4.jpg)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/GDYS3SDP7RBQ3C66SXNT3OAMTI.png)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/V5T6NZFGRJGI7LEGINTPSFYMBU.png)