Even if this passes nothing will change, the control will revert to the 2 counties that they are in and they will say thanks but no thanks.
No one knows how things will change. That's why this rushed-through and non-detailed bill is being criticized. You don't dump $1 billion in debt on two counties and some local municipalities and expect that to be done without consequence. The government entities do not have the fire departments, building departments, public works departments, other departments and staff and operating structures needed to support the Disney theme park, it's millions of visitors and surrounding lands that the Disney departments support now.
If the bill passes, will Disney be instantly freed of it's debt associated with this district?
If the bill passes, will the current Disney first responders keep their labor contracts and benefits? Who will supervise them? Who will come to own the fire department buildings, garbage collection trucks and the wide array of other assets Disney owns now?
The counties and cities in question have the authority to issue bonds now to help finance their operations, but the amount of debt is limited by law. No provision to change that is made by the bill in question. When you dump $1 billion dollars in new debt on such bonding agencies, what happens to their credit rating?
If you own a municipal bond issued by a small town and, out of the blue, that town becomes responsible for a HUGE debt they cannot possibly pay, how secure is that bond that was once said to be secure because that municipality could presumably raise taxes to cover the original bond?
Some will say, that's easy. The municipalities will simply raise Taxes on Disney to provide the services. But, again, they do not own the building, trucks and other assets now needed to provide those services, and they do not have the people or the supervision structure in place.
In Florida, it's hard to build a 6,000 sq. ft. gym or even a single home in less than a year. The theme park is massive. Where will the municipalities build the needed buildings and how fast can they do that?
Instead, they might rent the existing buildings from Disney? Will Disney charge enough rent to pay the new taxes due? Or will they see this real estate as a profit center and charge more rent. These properties will be some of the most valuable real estate in Florida if it goes on the market for sale or as rental property. Citizens could end up paying more taxes just to support the excessive rent Disney is able to charge.
Important.y, taxes and municipal bonding authority cannot be expanded without a vote of the people; and the locals, many if not most of whom work for Disney or other companies that greatly benefit from the present arrangement, are not inclined to go along with DeSantis's knee-jerk and vindictive scheme.
Those are just a few questions that are beginning to surface.
Again, you can't wipe out a special district like this and expect everything to fall in place simply because you feel you are on the right side of the "Don't Say Gay" bill and you want to punish those who disagree.