It has been suggested that a resolution to the highly charged dispute between the state of Florida and the Walt Disney Company this year is in the works.
According to the Financial Times, state politicians are preparing a plan to overturn a decision that would deny Disney the ability to run a private government around its amusement parks.
It might end the “Don’t Say Gay” controversy’s repercussions, which plunged the media behemoth into the culture wars.
Following a public spat between Governor Ron DeSantis and then-CEO Bob Chapek, the Florida legislature decided to abolish Disney’s 55-year-old special tax district in April.
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A recent state law that limits the discussion of LGBTQ topics in classrooms was the source of the dispute.
Last month, former CEO Bob Iger replaced Chapek in the role. It is anticipated that Iger’s return will assist open the door for a resolution.
The Reedy Creek Improvement District, which Disney is permitted to charge, pays for the area’s water, electricity, roads, and fire protection.
Disney could maintain the agreement with a few minor changes if there were a compromise.
— Robert Iger (@RobertIger) December 2, 2022
Tax officials and legislators have cautioned that dissolving Disney’s private government may put a tremendous financial strain on taxpayers and leave the state with a $1 billion debt load.
Iger has refrained from condemning Florida over a bill since his return to Disney, despite his warning that it would “place vulnerable, young LGBTQ individuals in peril” when it was first proposed in February.
Iger’s resistance to the law, known as “Don’t Say Gay” by detractors, pressured Disney to change course and come out against the law this spring after first refusing to do so.
Disney’s special status will no longer exist under the legislation until the summer of 2019.