Disney claims Florida can’t revoke self-governance without paying off debts

Florida’s move to dissolve special districts and revoke Disney of its self-governance status is not a done deal, according to the entertainment company.

Disney told investors it expects to continue doing business as usual while exploring its options, noting Florida lawmakers overlooked a state agreement that prohibits the government from interfering unless its bond debt has been paid off. Therefore, Florida cannot legally repeal the Reedy Creek Improvement District where Walt Disney World resides, the company argued.