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Florida’s Bond Chief Sees Disney District Being Re-Established

The Magic Kingdom Park in Walt Disney World.
The Magic Kingdom Park in Walt Disney World.Photographer: Matt Stroshane/Walt Disney World Resort/Getty Images

Florida’s head of bond finance said lawmakers will likely re-establish the embattled Walt Disney Co.’s special district after the state passed a law that would dissolve the governing body next year. 

Ben Watkins, director of the state’s division of bond finance, said legislators are likely to create a successor district, one that will assume many of the powers that Reedy Creek Improvement District, the agency that allows Disney to preform certain municipal functions at its resort properties like emergency services, garbage collection and infrastructure funding, currently has. The new district won’t have some of the powers previously granted that were never used such as operating a nuclear power plant.