Disney World's 'Reedy Creek Improvement District' will now be known as the 'Central Florida Tourism Oversight District' and Florida will now have the power to appoint all five of its board members, with Florida's Senate confirming choices.
"For more than 50 years, the 'Reedy Creek Improvement District' has operated at the highest standards, and we appreciate all that the District has done to help our destination grow and become one of the largest economic contributors and employers in the state", said Disney World president Jeff Vahle.
"We are focused on the future and are ready to work within this new framework and we will continue to innovate, inspire and bring joy to the millions of guests who come to Florida to visit Walt Disney World each year..."
Disney World currently has approval to build another theme park, two additional water parks and thousands of hotel rooms.
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