Walt Disney World President Jeff Vahle has issued a brief statement this afternoon following the state of Florida's latest moves to restructure the Reedy Creek Improvement District.
"We are monitoring the progression of the draft legislation, which is complex given the long history of the Reedy Creek Improvement District. Disney works under a number of different models and jurisdictions around the world, and regardless of the outcome, we remain committed to providing the highest quality experience for the millions of guests who visit each year."
Jeff Vahle, President, Walt Disney World Resort
Florida Governor Ron DeSantis has previously said that the legislation will result in Reedy Creek board members being appointed by the Florida Governor and Disney paying upwards of $700 million in Reedy Creek debt.
The action by DeSantis comes in retaliation to Disney's public opposition to the parental rights law, which took place under the ex-CEO Bob Chapek.
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