Orlando Becoming East Coast Headquarters for Disney Parks, Experiences, and Products

[WDWFanRay]

Disney does not have $9-10B in cash laying around. But they do have a lot of Treasury Stock…

Do they still have any of their Citibank COVID era $5B credit line left?

 

[Lilofan]

Lake Nona's infrastructure is incredible. It's what Celebration was supposed to be. The whole place is entirely walkable.

I'd pass on the walkable part in the hot humid several months of the year .

 

[Getachew]

It's laughable that some are blaming DeSantis for this decision by Disney, announced on the same day that the Starcruiser Hotel was cancelled. Obviously, both decisions were made because of financial reasons. Funny how some people can't seem to put two and two together. Although a lot of the palaver is based on political views, rather than reason...

That "some people" blaming DeSantis includes the leader of the Republican Party, Donald Trump, who is currently leading DeSantis by like 40+ in the polls.

DeSantis has gained absolutely nothing from any of this other then losing to Donald Trump, lol.

 

[CaptainAmerica]

Just what tax breaks did RC bring to Disney? Do you realize the creation of RC basically means Disney is taxed extra paying taxes to both the counties at full rate plus taxes to RC
Disney charges NOTHING if a child is under 3 and children 3-9 one price and adults a higher price all dependent on tickets date(s) and levels
Those here that are upset about the actions taken by the state/governor are mostly upset about how and why retaliatory action was taken against Disney

As we've discussed ad nauseam, I think Florida's actions here are unjustifiable and illegal, however, the ability to issue municipal bonds to fund what I consider to be private infrastructure projects is absolutely a tax break.

 

[Figgy1]

As we've discussed ad nauseam, I think Florida's actions here are unjustifiable and illegal, however, the ability to issue municipal bonds to fund what I consider to be private infrastructure projects is absolutely a tax break.

What private infrastructure would that be?

 

[Heppenheimer]

Here's the response from the office of the Governor on the cancellation of the Lake Nona project.

View attachment 717197

Remember when we had adults in the room who instead would say things like "We are disappointed that Disney has changed their mind about this exciting opportunity for growth in Florida, we appreciate their consideration and look forward to partnering with them again on future projects."

 

[CaptainAmerica]

What private infrastructure would that be?

We don't need to rehash this.

The roads and utilities at Walt Disney World ought to be considered, in my opinion, private infrastructure, as they exist for the (almost) exclusive benefit of The Walt Disney Company. I know some locals have shared that they drive through property sometimes when they're not visiting WDW, but I consider that ancillary and de minimis.

 

[Figgy1]

We don't need to rehash this.

The roads and utilities at Walt Disney World ought to be considered, in my opinion, private infrastructure, as they exist for the (almost) exclusive benefit of The Walt Disney Company. I know some locals have shared that they drive through property sometimes when they're not visiting WDW, but I consider that ancillary and de minimis.

Seeing Disney doesn't own those roads wouldn't they then be the responsibility of the counties? I'm not sure I'd have an issue dissolving the district but either way the roads would be maintained using municipal bonds and if dissolved Disney would then only have to pay taxes to the counties therefore increasing taxes to the residents and other businesses of said counties

 

[UNCLEROY]

Remember when we had adults in the room who instead would say things like "We are disappointed that Disney has changed their mind about this exciting opportunity for growth in Florida, we appreciate their consideration and look forward to partnering with them again on future projec

 

[UNCLEROY]

Or say, how can we help, not how can we kick you like a dog because you exercise free speech?

 

[monothingie]

Am I reading last Quarter's financials wrong? It looks like they have just about exactly $10B on hand.

Great, so your saying they're going to use it all to buy out Comcast?

 

[monothingie]

Or say, how can we help, not how can we kick you like a dog because you exercise free speech?

Yes obviously, I guess all those people and businesses rushing to relocate to Florida didn't get the memo.

 

[Lilofan]

DeSantis has gone out of his way to make everything concerning Disney about him. Take a look at all the news reports today. It’s working.

Yes and the running joke is DeSantis got outsmarted by Mickey Mouse.

 

[Lilofan]

It's laughable that some are blaming DeSantis for this decision by Disney, announced on the same day that the Starcruiser Hotel was cancelled. Obviously, both decisions were made because of financial reasons. Funny how some people can't seem to put two and two together. Although a lot of the palaver is based on political views, rather than reason...

So you are saying that Iger and D'Amaro flat out lied to the world when both explained why the Lake Nona project was cancelled? Sorry, I don't buy the DeSantis false narrative on the matter.

 

[MisterPenguin]

Disney is struggling due to a huge drop in quality across the business. Everyone knows this is not the Disney of 15 years ago. The DeSantis thing is just a convenient excuse for a company that is struggling financially

15 year ago, in 2008, Disney put out these high quality gems:

College Road Trip​

The Chronicles of Narnia: Prince Caspian​

Beverly Hills Chihuahua​

High School Musical 3: Senior Year​

Bedtime Stories​

Bolt​

 

[MisterPenguin]

Great, so your saying they're going to use it all to buy out Comcast?

They *may* take out a bridge loan so as not to leave a zero balance in their checking account.

Or, all the price-raising with D+, all the layoffs, all the content write-offs, and with all their parks and cruise ships up and running, there may be enough extra spare cash to not have to take out a loan.

Last quarter alone TWDC had over a billion dollars in net profit.

 

[Figgy1]

15 year ago, in 2008, Disney put out these high quality gems:

College Road Trip​

The Chronicles of Narnia: Prince Caspian​

Beverly Hills Chihuahua​

High School Musical 3: Senior Year​

Bedtime Stories​

Bolt​

BHC still have nightmares from PTA movie night
Not great but not awful as in no nightmares from movie night
Bolt super cute fun movie night. We wound up buying it and it got played on a few road trips down to Disney

 

[CaptainAmerica]

Seeing Disney doesn't own those roads wouldn't they then be the responsibility of the counties? I'm not sure I'd have an issue dissolving the district but either way the roads would be maintained using municipal bonds and if dissolved Disney would then only have to pay taxes to the counties therefore increasing taxes to the residents and other businesses of said counties

Yes, I'm describing how I wish it would have been when they set the whole thing up in the first place. I agree that it's not a viable model for them to switch to now.

 

[MisterPenguin]

As we've discussed ad nauseam, I think Florida's actions here are unjustifiable and illegal, however, the ability to issue municipal bonds to fund what I consider to be private infrastructure projects is absolutely a tax break.

It allowed RCID to issue loans that the public (the bond bearers floating the loan) that were favored by investors.

But it was still a loan and RCID still had to pay interest on the loan.

All in lieu of borrowing from a bank, which wouldn't have been much trouble for RCID anyway.

And for this favorable 'tax break,' Disney got to shell out money for their own infrastructure instead of it being provided by the county through the taxes they paid to the county. Disney was double taxed. What a tax break!!

I don't know in what world anyone would call taking out a loan and paying interest on the loan a 'tax break.'

 

[monothingie]

They *may* take out a bridge loan so as not to leave a zero balance in their checking account.

Or, all the price-raising with D+, all the layoffs, all the content write-offs, and with all their parks and cruise ships up and running, there may be enough extra spare cash to not have to take out a loan.

Last quarter alone TWDC had over a billion dollars in net profit.

Or they could give out stock. Given how depressed Disney has been lately it would certainly be an attractive option *if* the stock did recover in the future.