ORLANDO, Fla. — The clock is ticking, and there is $1 billion on the line.
Last year, Florida lawmakers targeted Disney, dissolving the company’s Reedy Creek Improvement District.
In doing so, they set the stage for $1 billion in debt to be transferred from Disney and Reedy Creek to the taxpayers of Orange and Osceola counties.
Channel 9 recently sat down with Palm Coast representative, and speaker of the Florida House, Paul Renner to ask if taxpayers will be saddled with the billion dollars in debt next year.
“Let me be a little more definitive than I think,” Renner said. “So, we’re not going to we’re not going to have a landing spot to have kind of the level playing field that others enjoy for Disney and let their special district expire or put them in default on their bonds. We’re a lot more thoughtful and responsible than that. So those conversations are ongoing, and I think we’ll find a landing spot that people will look at and say that’s a fair way to move forward.”
Both Renner and Speaker-Designate, Daniel Parez, have told Channel 9 that they expect a new district to be created in 2023, one which will be largely similar to the one that was dissolved.
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