Bank Analysis: DerSantis Attack Won’t Hurt Disney, But Will Raise Orange County Property Taxes 15% To 20%

Florida Politics reports:

Getting rid of Disney World’s government isn’t likely going to hurt the Mouse, Deutsche Bank analysts wrote in a new research note published Tuesday.

“We don’t see a material negative outcome from this situation for Disney; and financially speaking, we think it could end up being a positive development,” analysts Bryan Kraft, Benjamin Soff and Connor Murphy wrote.

Now, Orange County property owners could face tax increases of 15% to 20% on average, and the county would need to absorb Reedy Creek’s financial obligations, including a $1 billion bond, the note said. “That is an enormous tax burden to suddenly put on residents when the system in place today has Disney bearing all of the costs,” the analysts wrote.

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.@DeutscheBank analysis: Reedy Creek dissolution won’t hurt @Disney

Reporting by @GabrielleRussonhttps://t.co/HU5BGut9HW#FlaPol pic.twitter.com/z3GlymtqYo

— Peter Schorsch ?? (@PeterSchorschFL) April 27, 2022