SaucyBoy
Well-Known Member
- In the Parks
- No
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.
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.
How about income taxNo, it won't. Florida existed prior to WDW. It however, will need to find another source of revenue to replace what WDW generates for the state.
Neither the state of FL or Universal would be “just fine” without Disney.
How about income tax
It's nice to dream though. Even nicer to dream that Florida will have to pay for the move like any other eminent domain claim.I think the idea that Disney would just pick up and leave and either move current assets or just "salt the earth" and raze everything behind them is laughable.
"Hey business guess what? We have a shortfall to make up so your share of the tax will be increasing..."No, it won't. Florida existed prior to WDW. It however, will need to find another source of revenue to replace what WDW generates for the state.
It's nice to dream though. Even nicer to dream that Florida will have to pay for the move like any other eminent domain claim.
Tourism and the cheap labor it employs statewide is the #1 industry in the state.The economy of the state will certainly take a hit. Property values in the area around WDW will probably decline. But people will still move to the state because of weather and lower taxes. State will just need to look at attracting other industries - tech, biomed, etc. It had a growing film industry, but lost that to Georgia.
Tourism and the cheap labor it employs statewide is the #1 industry in the state.
Nope, ag is twice tourism and aviation is half again largerTourism and the cheap labor it employs statewide is the #1 industry in the state.
That’s incorrect , Tourism is #1, followed by agriculture #2 in FL.Nope, ag is twice tourism and aviation is half again larger
Shout out to President Obama who made a last minute visit to MK about 10 years ago which had to close the park to him one morning and invited guests. Iger , Staggs were present and Obama talked in front of the castle about tourism, its importance to FL and looking into lessening the barriers for immigrants to visit and or work and live in FL.Florida can attract other industries. Which it should be doing to mitigate the fluctuation of tourism revenues.
Quote itThat’s incorrect , Tourism is #1, followed by agriculture #2 in FL.
And who works in agriculture to give us fresh fruits and veggies ? Hint - a number of those 2M workers don’t have documentation.Quote it
What Are The Biggest Industries In Florida?
Florida’s economy is undoubtedly one of the country's economic powerhouses. Learn about Florida's major industries in this article.www.worldatlas.com
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