According to a report from the Financial Times, state lawmakers are working on a compromise that would 'allow Disney to keep the arrangement largely in place with a few modifications.' Bob Iger's return as CEO is fueling sentiment around a resolution.
: “Classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age appropriate or developmentally appropriate for students in accordance with state standards.”
At the time, then-CEO Bob Chapek, who initially decided not to speak publicly on the matter, opted to work behind the scenes in a failed attempt to soften the legislation. The executive eventually reversed course following intense backlash, publicly denouncing the act during the company's annual shareholder meeting on March 9 in addition to directly apologizing to employees in a company memo.Walt Disney World Resort sits on a 40-square mile area known as Reedy Creek, which is a special tax district that has allowed Disney to operate as a self-governing entity since its inception.
Disney, in addition to paying property taxes to Orange and Osceola counties, pays taxes directly to Reedy Creek. In turn, the district uses that money to fund Disney's various theme park projects and operations, including infrastructure upkeep.That means Disney controls all of its utilities and infrastructure, sets building codes, operates its own police and fire departments, and can expand and grow whenever it wishes — all without local or state government interference.
"I call it a Vatican with mouse ears, because it's essentially the same kind of authority that the Vatican has in Rome in the state of Italy," Richard Foglesong, Disney historian and author of the book
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