Disney’s Reedy Creek bond trading surges after DeSantis breakup drama – WFTV

ORLANDO, Florida— Editor’s Note: This story is available through a content partnership between WFTV and the Orlando Business Journal.

The state of Florida’s impending dissolution of Walt Disney World’s Reedy Creek Improvement District (NYSE: DIS) has boosted trading activity among bondholders.

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The Reedy Creek Improvement District is the 39 square mile administrative jurisdiction and special tax district established in 1968 for Walt Disney World Resort lands that acts with the same authority and responsibility as a county government.

The district includes two towns — Bay Lake and Lake Buena Vista — and has its own fire department and staff, and contracts law enforcement from local counties.

The district has outstanding bonds that are becoming a source of concern for some bond rating agencies over the fallout from its upcoming breakup on June 23.

Click here to read the full story on the Orlando Business Journal website.

Garland K. Long