BREAKING: The company had previously held special governing power in the state for more than 50 years.
The special status, known as The Reedy Creek Improvement Act, was signed into law in May 1967 by Gov. Claude Kirk in response to lobbying efforts by Disney. The entertainment giant proposed building a recreation-oriented development on 25,000 acres of property in a remote area of Central Florida's Orange and Osceola counties, which consisted of 38.5 square miles of largely uninhabited pasture and swampland.
Disney released a statement shortly after DeSantis signed the parental rights bill and vowed to help fight the law in court. Walt Disney Company CEO Bob Chapek talks during the Opening Ceremony of the Invictus Games Orlando 2016 at ESPN Wide World of Sports on May 8, 2016 in Orlando, Florida.
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