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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
FinanceDisney

Ron DeSantis takes his war with Disney to the next level, threatens its control of Magic Kingdom

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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April 19, 2022, 12:09 PM ET
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Florida governor Ron DeSantis is escalating his feud with the Walt Disney Co. after the entertainment giant voiced opposition to the state’s “Don’t Say Gay” legislation last month.

DeSantis said on Tuesday that he is expanding a special session of the state legislature to consider eliminating the Reedy Creek Improvement District, a designation that has essentially allowed Disney to establish its own government for the Magic Kingdom, Epcot, and other Disney theme parks in Orlando. That designation allows the company to control its own emergency services, infrastructure, and construction permitting.

The elimination of that district could potentially impact several of the park’s functions, as it also gives Disney the power to issue bonds and avoid separate government approvals when it decides to build new rides and structures.

“I am announcing today that we are expanding the call of what [the legislature is] going to be considering this week,” DeSantis said at a press conference. “And so yes, they will be considering their congressional map. But they also will be considering termination of all special districts that were enacted in Florida prior to 1968. And that includes the Reedy Creek Improvement District.”

DeSantis had previously only said he was “receptive” to changing the district. With Tuesday’s action, though, he called on state lawmakers to review Reedy Creek and other special improvement districts to see if they serve the public interest.

Disney is one of Florida’s biggest employers, and had a $75.2 billion annual economic impact on central Florida in 2019. That gives it a lot of political pull, but last month Disney CEO Bob Chapek came out against the “Don’t Say Gay” bill (following unprecedented outrage among workers at his prior silence). The new company leader also announced Disney would pause political contributions in the state, and DeSantis slammed the company, calling it “woke.”

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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