Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Friday, Dec 08, 2023

DeSantis escalates battle with Disney in new legislative push

DeSantis escalates battle with Disney in new legislative push

Florida Governor Ron DeSantis on Monday fired another shot in his battle with Walt Disney Co (DIS.N), saying the state's Republican legislature would take steps to nullify the company's effort to circumvent state oversight of Walt Disney World.
DeSantis, a likely Republican presidential candidate who has made attacking "woke Disney" a common theme, said the legislature would revoke a development agreement Disney struck with outgoing members of an oversight board.

"They thought they could create some type of development agreement that would render everything that we did null and void," DeSantis said. "That’s not gonna fly."

The ongoing tussle between DeSantis, who has yet to announce a presidential bid, and one of Florida's largest employers began in March 2022 when Disney's then-Chief Executive Bob Chapek spoke out against a bill limiting discussion of sexuality and gender identity in Florida elementary school classrooms.

Republicans named the bill the Parental Rights in Education Act, while opponents criticized it as the "Don't say gay" law.

DeSantis said the new bill, announced on Monday, would return control of the special district that is home to Disney World to a state oversight board run by the governor's appointees.

Among other things, it will give the board the power to decide how to develop land adjacent to Disney's theme parks. DeSantis said the possibilities included a state park, other amusement parks or a state prison.

Disney shares were off about 0.2% at $99.68.

DeSantis and the Florida legislature have been working to eliminate the virtual autonomy the company enjoyed over Disney World for more than 50 years, saying that constitutes an "unfair advantage." Disney employs some 75,000 people in the state.

Florida lawmakers passed a bill in February giving DeSantis effective control over a board that oversees municipal services and development in a special district in central Florida that encompasses Walt Disney World resort.

Current Disney CEO Bob Iger called the move a retaliation, "anti-business" and "anti-Florida." The company had no comment on DeSantis remarks on Monday.

Before the takeover by DeSantis appointees, Disney pushed through changes to the special tax district agreement that limit the board's action for decades.

An attorney for the newly constituted Central Florida Tourism Oversight District last month described what he called the “shocking” revelation that the agreement had been reached three weeks before DeSantis signed legislation granting the state authority over the district.

“I’ve never seen anything like this,” said attorney Daniel Langley on March 29.

The pact cements a 10-year comprehensive plan, adopted on July 15, 2022, that serves as a blueprint to guide future development. It gives Disney the option to add a fifth major theme park, two minor parks, 1 million square feet of retail space and some 14,000 hotel rooms.

It also ensures that future boards would honor a commitment to $527 million in planned capital improvements to support Walt Disney World’s growth over the next decade.

"We are a government of laws, not a government of individual men or even a government of 'woke' corporations based in California," DeSantis said.
Newsletter

Related Articles

Hong Kong News
Close
0:00
0:00
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
×