DeSantis Signs Law Taking Control of Disney Special District (2)

Florida Governor Ron DeSantis signed legislation Monday effectively giving him control of Walt Disney Co.’s special municipal district, part of a strategy fueling his widely expected 2024 White House bid.

The law, introduced in a special legislative session, gives DeSantis the power to appoint all five board members of the formerly named Reedy Creek Improvement District, pending state senate approval. The legislation also removes some of the district’s sweeping powers but keeps in place its obligation to pay about $1 billion of outstanding bonds.

The new board will “make sure the debt is retired properly, maybe even accelerating ...