Does Florida need approval from RCID/Disney to amend the Reedy Creek Improvement Act to replace the landowner elected Board with a Governor appointed Board? I would think and hope so. Is there something in the Florida Constitution that would pertain to such a scenario?The bold part is the whole ballgame. Only way around that is an amendment to the state constitution to eliminate Disney’s right to representation while continuing to tax them. Seems like a horribly slippery slope to go down. I can’t imagine any corporation even considering moving any jobs to FL if that’s the law of the land. That could have extreme negative long term impacts on the state and local economies.
Neither the state of FL or Universal would be “just fine” without Disney.Slippery slope……….for Disney.
State of FL will be just fine. Universal
will be king.
There is no chance Disney leaves Florida. None. Zero.He's just determined to run Disney out of Florida isn't he? Word is Chapek had already bought up a bunch of land in S. Carolina & E. Texas. The board was really uncomfortable with the idea was one reason Iger is back.
So which one do you think gets it? My money is on S. Carolina, they need it more and are probably willing to pony up the superior incentives package, plus staying on the East Coast. Though I certainly wouldn't count Texas out by a long shot.
Yes, I believe the chance is somewhere between no chance, and less than no chance.There is no chance Disney leaves Florida. None. Zero.
And the 'word' is false.
I don't think you even realize how many jobs revolve around WDW. Not only the 60k Disney CMs, but all the jobs that revolve around Disney guests and those 60k CMs. The Florida economy would not survive the closure of WDW.Slippery slope……….for Disney.
State of FL will be just fine. Universal
will be king.
This.I don't think you even realize how many jobs revolve around WDW. Not only the 60k Disney CMs, but all the jobs that revolve around Disney guests and those 60k CMs. The Florida economy would not survive the closure of WDW.
Day one after Disney hypothetically goes poof: new income tax for all Florida residents.I’m still trying to grapple with the fact that people actually think Florida would survive without Disney. Some of these comments on the news stories (not this forum) for this are hilarious.
The bold part is the whole ballgame. Only way around that is an amendment to the state constitution to eliminate Disney’s right to representation while continuing to tax them. Seems like a horribly slippery slope to go down. I can’t imagine any corporation even considering moving any jobs to FL if that’s the law of the land. That could have extreme negative long term impacts on the state and local economies.
Florida will sink faster than the Atlantic Ocean's eventual reclaiming of the peninsula if WDW closed up shop.Slippery slope……….for Disney.
State of FL will be just fine. Universal
will be king.
To put your mind at ease:
- The jury is still out on this whole situation so DeSantis may not ultimately win unless like me you believe this was all a political stunt done to drum up support and gain donations…..then he’s already won
- It‘s possible that RCID stays, it’s also possible it’s replaced with something very similar with maybe a few exceptions or a new name so even if RCID dies, RCID part 2 may be seamless to most of us so not a death….a rebirth or maybe a rebranding
- Even if DeSantis wins and RCID does die completely it won’t end Disney World. Some of the major benefits of RCID from the early years are largely irrelevant today. For example when Disney was a smaller company and less credit worthy being able to borrow money off balance sheet was a bigger deal. Now after the Fox acquisition TWDC has billions in debt anyway so hiding a billion is no big deal. Comcast has had no issues developing Universal (and getting the local county to foot some of the bill for infrastructure). Disney will spend more money lobbying local politicians and will still do new infrastructure projects. There may be less road work projects and they may take longer but it won’t force WDW to close.
Does Florida need approval from RCID/Disney to amend the Reedy Creek Improvement Act to replace the landowner elected Board with a Governor appointed Board? I would think and hope so. Is there something in the Florida Constitution that would pertain to such a scenario?
It would be odd if the Florida legislature could make such a change to the district’s control without the landowners’ permission. But if they were creating a new district with said taxing authority they would need permission.
Day one after Disney hypothetically goes poof: new income tax for all Florida residents.
Disney isn't leaving FL, no matter how this plays out. However, if the final version of the RCID changes result in making it significantly more expensive and/or more difficult for Disney to operate and invest, they may choose to reduce any new development on the WDW site for a while.
Florida will sink faster than the Atlantic Ocean's eventual reclaiming of the peninsula if WDW closed up shop.
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