Disney calls DeSantis' bluff

[pecksniff]

If the state abolishes the Reedy Creek Improvement District, it has to pay off the bondholders.

Disney's Reedy Creek Improvement District (RCID) recently said that Florida can't terminate the district unless the state pays off Reedy Creek's $1 billion debt, fulfilling the state's pledge to bondholders per a 1967 act.
Reedy Creek currently has around $1 billion in extensive bond debt, according to Fitch Ratings, a credit rating agency.

Reedy Creek argued in a statement, posted to the Municipal Securities Rulemaking Board on April 21, that Florida pledged to the District's bondholders that "it will not limit or alter the rights of the District."

"[Florida] will not in any way impair the rights or remedies of the holders, and that it will not modify in any way the exemption from taxation provided in the Reedy Creek Act, until all such bonds together with interest thereon, and all costs and expenses in connection with any act or proceeding by or on behalf of such holders, are fully met and discharged."

 

[ll74]

This was expected. Disney doesn't like retaliation and has the clout to give the state the middle finger.

 

[BluesDriver66]

Loudmouth hillbilly politicians need to learn their place. Corporations really don't have a lot of time to waste with country bumpkins who think they run things.

 

[jomar]

Yep, starting to bite him in the ass alright

 

[pecksniff]

But I do not see why the state cannot simply assume that debt, instead of paying it off right away. We're talking about bondholders.

 

[AlexBailey]

It's going to be funny to watch GOP politicians trying to distance themselves from this as they seek future political support from Disney.

 

[Veroe]

A politician versus one of the biggest companies in the world...good luck to you Desantis. He acts like he doesn't know who actually has people like him running things for them in this country.

In America corporations are people and they have a louder voice in politics than any regular person who's concerned over schools indoctrinating their kids or grooming them.

 

[butters]

de santis says stuff, but has nothing to offer about the legality of what Disney's claiming. sounds like trump-speke

https://www.msn.com/en-us/tv/news/r...sedgntp&cvid=39c0c418ea15455f9e9696adce6faad7

"No. Disney will pay its debts," DeSantis said during a town hall with "The Ingraham Angle" on Fox News. "Disney will, for the first time, actually live under the same laws as everybody else in Florida. Imagine that."


Host Laura Ingraham pushed DeSantis to elaborate further, asking whether Disney's "characterization of the statute is inaccurate."

"Right. So the legislature did it starting next June because there's going to be additional legislative action. We've contemplated that," DeSantis said. "We know what we're going to do. And so stay tuned. That will all be apparent. The bonds will be paid by Disney, they will be paying taxes, probably more taxes. They will follow the laws that every other person has to do, and they will no longer have the ability to run their own government, which they are the only corporation in all of Florida, the only entity in all of Florida, that has the ability to run their own government and do this."

 

[Ezkaton]

I love that the left is now cheering for one of the largest corporations on the planet to be allowed to operate outside the law.... because they're woke leftist.

None of you have any principles of any sort, just power hungry control freaks.

 

[butters]

I love that the left is now cheering for one of the largest corporations on the planet to be allowed to operate outside the law.... because they're woke leftist.

None of you have any principles of any sort, just power hungry control freaks.

except it's operating WITHIN the 1967 law and if de santis wants to change that, it'll have to go through some hoops. but you go right ahead cheering on from your elevated position in the ignorance stands *waves*

under the terms of the 1967 law that established the district, "Unless otherwise provided by law, the dissolution of a special district government shall transfer title to all of its property to the local general purpose government, which shall also assume all indebtedness of the preexisting special district."

 

[Ezkaton]

except it's operating WITHIN the 1967 law

Which was as far right wing of a laissez faire "let the corporation do whatever the fuck it wants" law, special exemption for mega billions super-corp, dick sucking law in US history.

Which was my point, you guys have no principles, you're just power hungry psychos desperately trying to micromanage everyone, even in states you LOST the democracy game in and thus can't stand democracy in Florida.

and if de santis wants to change that, it'll have to go through some hoops.

No, the Florida legislature giveth and it can taketh away too, and the legislature, democracy in action, says it's going down for Disney.

Disney is getting their special super-corp privilege pulled by the Florida legislature.

but you go right ahead cheering on from your elevated position in the ignorance stands *waves*

What ignorance??

And yes I will cheer Disney being brought under the laws the rest of us have to follow, because I'm not a fascist fuckhead who thinks mega-corps should get special privileges so long as they are "politically correct".

 

[ll74]

I love that the left is now cheering for one of the largest corporations on the planet to be allowed to operate outside the law.... because they're woke leftist.

None of you have any principles of any sort, just power hungry control freaks.

Nobody is cheering for that at all.

They expressed their dissatisfaction and then the right wing government in Florida punished them via the law for it and the right is cheering

 

[Ezkaton]

Nobody is cheering for that at all.

Literally the entire MSM and Democrat establishment has gone full REEEEeeeeEEEEeeeEEE!!!! Over Disney getting their uber-corporation privilege card pulled in Florida.

They expressed their dissatisfaction and then the right wing government in Florida punished them via the law for it

Something blue states have been actively doing to red corporations and individuals they don't like for well over a decade now.

and the right is cheering

YES....... it's about time a Republican started serving Democrats some of their own medicine, GET SOME.

 

[coati]

Loudmouth hillbilly politicians need to learn their place. Corporations really don't have a lot of time to waste with country bumpkins who think they run things.

I guess it was a Goobernatorial blunder.

 

[ll74]

Literally the entire MSM and Democrat establishment has gone full REEEEeeeeEEEEeeeEEE!!!! Over Disney getting their uber-corporation privilege card pulled in Florida.


Something blue states have been actively doing to red corporations and individuals they don't like for well over a decade now.



YES....... it's about time a Republican started serving Democrats some of their own medicine, GET SOME.

No, they haven't.

Glad your cheering for government retaliation...good job, comrade.

 

[KeithD]

Literally the entire MSM and Democrat establishment has gone full REEEEeeeeEEEEeeeEEE!!!! Over Disney getting their uber-corporation privilege card pulled in Florida.

I'm sure that bald-face lying gives you some comfort. On ignore you go.

 

[Rotadom]

lol Botany still hasn't figured out what "literally" means.

 

[Ezkaton]

lol Botany still hasn't figured out what "literally" means.

How do you figure??

I used it correctly.

I'm sure that bald-face lying gives you some comfort. On ignore you go.

If I'm the one lying then why are you the one hiding like the dishonest coward???

We know why Keith..... SR71 pilot...LMFAO.

 

[RobDownSouth]

I'm sure that bald-face lying gives you some comfort. On ignore you go.

Bald face lying is what he does. Like you said, on ignore he goes.

 

[Ezkaton]

Bald face lying is what he does. Like you said, on ignore he goes.

More projection from a known compulsive liar.

Run and cower like your anti-American comrade KeithD.... it's the only refuge you'll get Rob.

 

[Rotadom]

Literally the entire MSM and Democrat establishment has gone full REEEEeeeeEEEEeeeEEE!!!! Over Disney getting their uber-corporation privilege card pulled in Florida.

lol Botany still hasn't figured out what "literally" means.

How do you figure??

I used it correctly.

No, you didn't.

 

[SgtSpiderMan]

In a surprise to no one BoBo returns to the topic that got him banned (again) and will not doubt result in another ban, all while spouting his super fascist rhetoric. Welcome back, comrade.

 

[Ezkaton]

In a surprise to no one BoBo returns to the topic that got him banned (again) and will not doubt result in another ban, all while spouting his super fascist rhetoric. Welcome back, comrade.

Yes, disagreeing with psychotic leftist is always a hazard on a social media outlet. Censorship is the "GO-TO!!" move, especially when you're upset over an anti-grooming law and the comrades are having a rough go opposing it without looking like the creepy predatory grooming scum that they are. This is why Musk bought out your precious woke echo chamber Twitter.

What fascist rhetoric??

You should learn what the word 'fascist' means before you make public displays of your ignorance.

 

[Ezkaton]

No, you didn't.

Yes, I did.

There isn't a single left wing media outlet in the USA that didn't lose it's shit over Musk buying Twitter and it's been a delicious few weeks for everyone who isn't a bat shit woke leftist because of it.

 

[Rotadom]

In a surprise to no one BoBo returns to the topic that got him banned (again) and will not doubt result in another ban, all while spouting his super fascist rhetoric. Welcome back, comrade.

I blame inbreeding and Adderall.