I support the idea behind this legislation, however I wonder if this is the best way to handle contemporary company towns. Going by the traditional definition of a company town, and from the list posted previously by Senator R, Lake Buena Vista and Reedy Creek are only joined by two small mining towns in Arizona. Most of the others are formerly owned or were once built by commercial interests.
Massive companies still do wield an overwhelming degree of power in certain small towns, but that is less so due to real property and more so because they are the sole employer. There was a
story a few years ago about Nissan workers in Canton, MS, rejecting a vote to join the UAW specifically because of a fear-driven ad campaign from the company. Without resorting to full-on firing of union activists (ahem, Starbucks), Nissan essentially threatened to close down its assembly plant and leave the town without its largest employer. I'd like to see this bill amended to focus more on combating this sort of unequal power distribution in modern-day company towns.