News Reedy Creek Improvement District and the Central Florida Tourism Oversight District

[HauntedPirate]

I'm enjoying this tremendously.

It's like watching a speeding train which you know is going derail. You know it's going to happen, but you still can't take your eyes off the impending crash.

 

[mkt]

It's not without precedent for Disney to license their IPs to a third party if they sold off the property to another entertainment company.

You're right.

But it is completely without precedent in the US for their theme parks and resort properties.

 

[lazyboy97o]

That's why they're targeting all special districts created before a certain date, and not just Reedy Creek.

These guys are ********, but not idiots (well, not all of them)

They’re taking a scorched earth approach that could definitely backfire. Someone just needs to start pushing the tax increases that need to cover the bonds and financing, not to mention all of the lost jobs.

 

[Horizons '83]

Let The Oriental Land Company take over Florida ops, if that means we get DisneySea, I'm all for it

 

[larryz]

With all that IP? How on earth could another company possibly wade through the paperwork nightmare of literally owning Pirates of the Caribbean, Cosmic Rewind, Galaxy's Edge, and Avatar?

How does Tokyo do it?

 

[JohnD]

Three Bills are heard during the Special Session (Total of six -- one each for the House and Senate. House is odd. Senate is even)

• 1C and 2C: Congressional Districts -- Draws FL Congressional Districts. Outside our scope here
• 3C and 4C: Special Districts -- Dissolves all special districts prior to the 1968 FL Constitution, including RCID
• 4C and 5C: Social Media Platforms -- Removes exemptions from social media platform regulations for a "Theme park or entertainment complex” which is "a complex comprised of at least 25 contiguous acres owned and controlled by the same business entity and which contains permanent exhibitions and a variety of recreational activities and has a minimum of 1 million visitors annually." (Section 509.013(9), Florida Statutes)

 

[AshaNeOmah]

"Welcome to The Motel 6 All-Star Resort!"



Paris is still failing? I must have missed that memo.

Since 2019 was their first year of profit in over a decade, I think it's safe to assume they've lost money over 2+ years of a pandemic.

 

[HauntedPirate]

Opponents of the one guy are making the mistake of assuming that he's just a retread of that other guy in a better-fitting suit. But that other guy actually was an idiot and the new guy is just extremely skilled at pretending to be one. Even if you disagree with every word he says, I think his opponents (including the new bald guy) are underestimating his savvy at the retail politics game at their own peril.

Wait, wait... You're saying that a certain bald-headed CEO is making yet another misstep? This is unprecedented!!!

 

[AshaNeOmah]

How does Tokyo do it?

By very careful negotiations and agreements before a single shovel ever hit dirt, with a company that was bleeding money and near bankruptcy after EPCOT overages and a failing studio.

The Disney of today wouldn't, and hasn't since, agreed to a similar deal.

 

[Sirwalterraleigh]

Paris is still failing? I must have missed that memo.

You don’t love fresh picked cherries?

Since 2019 was their first year of profit in over a decade, I think it's safe to assume they've lost money over 2+ years of a pandemic.

Gee…I can’t even imagine why?

 

[AshaNeOmah]

You don’t love fresh picked cherries?

Gee…I can’t even imagine why?

Still... Losing money is losing money, whatever the reason.

 

[HauntedPirate]

Since 2019 was their first year of profit in over a decade, I think it's safe to assume they've lost money over 2+ years of a pandemic.

Every theme park lost money at some point over the last 2+ years. Cherry picking some recent data does not equate to "still failing". Christ, their 30th celebration is light year's above what WDW got for its 50th.

 

[Sirwalterraleigh]

??? I'm providing information on the Special Session. You would rather be ignorant? Your choice.

It’s going nowhere. It’s as believable as Star Wars at this point. I guess it’s “factual” in the strict sense…but life is always context

 

[Sirwalterraleigh]

It does not matter what the bill says. The only thing that matters is public opinion.

The only that matters is money. Public opinion is a means to that.

 

[Sirwalterraleigh]

Still... Losing money is losing money, whatever the reason.

That isn’t even remotely applicable here.

 

[JohnD]

It’s going nowhere. It’s as believable as Star Wars at this point. I guess it’s “factual” in the strict sense…but life is always context

Maybe. I'm just providing the info as it unfolds.

 

[larryz]

By very careful negotiations and agreements before a single shovel ever hit dirt, with a company that was bleeding money and near bankruptcy after EPCOT overages and a failing studio.

The Disney of today wouldn't, and hasn't since, agreed to a similar deal.

"Past performance... "

 

[CaptainAmerica]

Wait, wait... You're saying that a certain bald-headed CEO is making yet another misstep? This is unprecedented!!!

And unfortunately for him, the things at which he is the weakest also happen to be the things at which his former boss was uniquely talented. Former CEO In Dope Rich Guy Sweaters was extremely good at "playing the game."

 

[drnilescrane]

Notwithstanding s. 189.072(2), any independent special district established by a special act prior to the date of ratification of the Florida Constitution on November 5, 1968, and which was not reestablished, re-ratified, or otherwise reconstituted by a special act or general law after November 5, 1968, is dissolved effective June 1, 2023. An independent special district affected by this subsection may be reestablished on or after June 1, 2023, pursuant to the requirements and limitations of this chapter.

So reading the bill text, I think I see the play here. Revoke RCID (giving Desantis the win and final word), then reorganize as a standard CDD under the post 1968 framework. "New" RCID takes on the existing debt and assets, circumventing the issue of the counties absorbing it, but naturally has a lot less power and is no more special than anybody else in the state.

I don't support retaliatory action by the Governor, and I'm not even going to start on the issues that got us here in the first place... but I kinda support this outcome? It puts Disney on a level playing field and they still get the powers they need, and not the ones they don't.

 

[Sirwalterraleigh]

Maybe. I'm just providing the info as it unfolds.

I think it would be the most disastrous state move since Kansas crashed its economy on purpose.

But good theater. Should be a scene in spaceship earth