Even though Disney is "selling off" these properties, I think they still might have the right to oversee sales. Like if I buy a house in celebration and I want to sell it, Disney needs to approve the sale.
Does anyone understand any better how this works?
An FYI on Celebration 101:
I live in Celebration currently. Disney has no say of what I do with my single-family home. I own the home and the land on which it sits. I am free to sell it to whomever I want and for whatever amount I want.
However, all owners in Celebration must abide by regulations of CROA (Celebration Residential Owners Association, which is our home owner's association) and the CCDD (Celebration Community Development District, which is a local governmental agency sanctioned by Florida law).
CROA takes care of things like architectural reviews and standards (i.e. no purple houses), enforcing maintenance standards (i.e. you must cut your grass), as well as the maintenance of certain public resources, like parks owned by the city residents.
CCDD takes care of things like street sweeping, pest control, and other public services.
Both of these organizations were originally stacked with Disney employees to get things off the ground, but are now run by elected residents.
Disney still has a large presence in Celebration. The Celebration Company (part of Disney) develops land they still own in Celebration. The Lake Buena Vista Land Company, Disney Imagineering, and Disney IT have offices in town. The Disney Cruise Line and Disney Vacation Club are headquartered in Celebration and rent or own large office buildings.
But at this point Celebration as a town (or technically unincorporated area of Osceola County) is run by its residents.
Whew!