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According to a published report, the state lawmaker who authored the Reedy Creek dissolution bill is open to reconsidering it now that Disney is under new management.
That would have the secondary impact of getting lawmakers out of figuring out exactly how to replace Reedy Creek, given the district's scheduled June 1 dissolution and the lack of an existing plan to fund its activities.
"I see it as much ado about nothing in the end," John Mousseau, president and CEO at Cumberland Advisors, told The Bond Buyer.
"The governor looks like he took on a corporation. Helps his politics. He doesn't want them to leave. They don't want to leave. They will fix this with some changes or a new-but-same district and everyone goes back to making money," he said.
Disney had planned to relocate its Imagineering group that creates its theme park and other live experiences from Glendale, California, to central Florida, beginning in 2021.
"That move has now been postponed until 2026 and at least one Florida legislator believes the delay has to do with the RCID dispute," Cohen said.
"Maintaining the status quo could take some face-saving actions — perhaps the age-old approach of postponing the dissolution and creating a special commission to assess the costs and benefits of the law," Cohen said. "The law was passed in 72 hours and never had a thorough fiscal impact analysis in the first place."
Mousseau said now that the governor's race is finished, DeSantis may be looking ahead to 2024 and a possible presidential run.
"Now that the election is over, like most politicians, I would think the governor would move a little more to the center, with his eyes on a bigger prize in two years." he said.
Read the full article with subscription at the Bond Buyer website: https://www.bondbuyer.com/news/florida-lawmakers-will-hold-special-session-on-property-insurance
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