GiveMeTheMusic
Well-Known Member
Quoting from the article:
The Walt Disney Co. is seriously considering a $1 billion-plus expansion of the Disneyland Resort with new attractions, an additional parking structure with at least 5,000 slots, and improvements to streets surrounding the massive theme park complex.
And later:
Disney officials said they don’t know potential rides, themed lands and other details yet, but said construction would begin no later than the end of 2017 and be wrapped up no later than in 2024. But the company now owns the Star Wars, Marvel and Pixar franchises and has plenty of new options.
Let's see, that's eight fiscal years.
Over the previous eight fiscal years, domestic Parks & Resorts capital expenditures totaled $10.8 billion.
Um, I think they are going to spend more than $1 billion at Disneyland over those eight years regardless of what the City of Anaheim does.
Gotta like it when a megacorporation that's going to see $9 billion in net profit in 2015 tries to milk a municipality with a total operating budget of $1.7 billion.
The city has gotten along without that tax revenue since 1996, why rock the boat now? It benefits everyone to keep the tax exception in place.
Disney packaging this "expansion" as "contingent" is hilarious though.