[chemeng]

In this case, congress is not limited. There is a clear way out, the state buys out the bond holders and eliminates the debt. They just can’t dissolve the district without addressing the debt. The cost to do this is said to be 1B. And given the many more billions Disney has poured into the infrastructure and the fact it will continue to use the municipal utilities providing a cash stream, it doesn’t seem unrealistic or unfair to me. (Not to mention the massive tourism benefit this deal has provided to the state)

The issue seems to be that there is not enough political will to use 1B of Florida’s budget to make this happen, not that there is any prohibition on them doing so.