Enjoy! We’re headed back in Aug and Oct.Conversely, if you agree with what Disney has done, buy more Disney stock, purchase more Disney products, watch more Disney movies, and plan more WDW vacations.
Especially that last one!
(Says the person whose next Orlando trip is a week away.)
I slightly have to wonder on the last one a little.Conversely, if you agree with what Disney has done, buy more Disney stock, purchase more Disney products, watch more Disney movies, and plan more WDW vacations.
Especially that last one!
(Says the person whose next Orlando trip is a week away.
I had read somewhere that he said all options were on the table and he was looking at potentially cancelling around half a billion dollars of various tax incentives TWDC was in the state. These were tax breaks offered through various programs including the most recent round related to bringing 2,000 jobs from CA to FL. This could all be political postering, but this whole situation has made FL a much less desirable place for companies to invest money in and move jobs to if they went forward with revoking additional tax incentives it could have massive negative impacts on future investment. I keep saying this, but the economy is cyclical and it won’t stay this good forever. Very short sighted.
That diversification is a double edged sword in this struggle. It’s easy to attack Disney since they have no way of pulling out of FL or moving WDW. Same for most of the tourism industry and obviously stuff like agriculture and international trade ports which cannot easily be moved. Some of the other industries can. So with biotech/pharma or manufacturing or other industries large corporations are taking notice. If the reputation is that FL is no longer pro-business and any incentives the government gives you can be revoked if you speak out in any way against the Government that hurts the chances of companies wanting to move more jobs to the state. This is especially a problem while other states are still pro-business and will gladly still offer incentives that won’t be revoked on a whim.
That’s actually not a bad idea. Disney and RCID have absolutely no intention of ever building a nuclear power plant so it’s no harm to them. For some odd reason this aspect of the district has caught fire in conservative talk circles like it’s somehow evidence of horrible wrongdoing on the part of Disney. So strip it out and be done. Win/win
They will create a new district with a new name and take away some meaningless powers then try to spin their way to victory in the public eye.
DeSantis said this action is just a first step and when asked about Disney potentially paying less in taxes without RCID he said that Disney will pay its fair share of taxes one way or another. Reading between the lines they are looking into the additional $580M in state tax credits Disney has. That includes the credits negotiated in the Lake Nona deal. The open question is whether there is still time for Disney to pull out on that project if the tax credits are at risk. That would be a major blow to the local community and from the overall size of the complex looks like it’s big enough for a lot more than the 2,000 jobs they were moving from CA. Is it possible if the deal falls through instead of adding thousands of jobs they actually move thousands out of FL? Who knows, but that’s what I would be leading with in any negotiation if I were Disney.
Bonds have also prevented attempts at dissolution. That’s why I’ve mentioned Robert Moses. He kept authority going by keeping the bonds going even though dissolution planned or expected.Like i said messy… tho I don’t think flat out impossible. I don’t rate my law comprehension that high that make that assertion
As fof the obligations- rollover isn’t that big of a deal IMO. This is already handled in other dissolution of cities,etc. this is not new ground.
Plus look at reedy creek itself… it’s creation included simple broad statements about assuming everything from the preceding drainage district. But still… city dismantling… including bonds… has been done.
And while it’s a market that has been hammered, there is still a market to sell office buildings.
Like i said messy… tho I don’t think flat out impossible. I don’t rate my law comprehension that high that make that assertion
As fof the obligations- rollover isn’t that big of a deal IMO. This is already handled in other dissolution of cities,etc. this is not new ground.
Plus look at reedy creek itself… it’s creation included simple broad statements about assuming everything from the preceding drainage district. But still… city dismantling… including bonds… has been done.
I'm sure Disney is going to want it to be called Reedy Creek. But maybe it's Reedy Creek something instead of improvement district.
Why even change the name? I‘m sure there’s an administrative cost of changing out all the signage, letterhead and other items with the name on it. As long as they can claim it’s “different” who cares if the name changes.
I'll be there in June after my April trip got derail due my boys having the flu...We have WDW trips booked for May, June, September, and December.
We’re doing what we can to support Disney!
Wow, May, June, September, and December. I am sure Disney Data knows what excellent customers you are!!!We have WDW trips booked for May, June, September, and December.
We’re doing what we can to support Disney!
No…they are going to raise my prices.
