Talk of The Villages Florida - View Single Post - Bill to abolish special districts??
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Old 04-21-2022, 02:39 PM
daniel200 daniel200 is offline
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Per this news story (and others), the general obligation bonds issued by the special district where Disney operates will be transferred to Orange county taxpayers if the bill becomes law. This is not Disney debt, but rather debt issued by the special district (Reedy Creek) where Disney operates. There is various estimates of the amount .. but it ranges from $2,500 to $4,000 per tax payer.

Reedy Creek has said they will continue to make bond payments … but if their special district is dissolved as per the bill, they will have no rights to collect monies and the bonds would be transferred to tax payers per the bill.

Google “Reedy Creek bonds” .. lots of news


Disney’s debt is about to be Central Florida taxpayers’ problem – WFTV