BRADENTON, Fla. – The Reedy Creek Improvement District, the municipal services and financing arm of the Disney Co., plans to sell $383.56 million of tax exempt, ad valorem tax bonds starting Tuesday amidst a debate about the status of some special districts in Florida.

RCID was created by special act of the Legislature in 1967 to attract Walt Disney World. The district has sovereign powers, including eminent domain and authority to issue bonds. It encompasses 25,000 acres, including the Disney theme parks, and surrounding hotels, entertainment, and shopping venues.

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