Primarily Disney
Wouldn't the one and only taxpayer in the RCID be Disney, even if it's broken down through different channels? With exception of maybe a few on-property but not Disney-owned hotels?
You completely misread what he said. He said a taxpayer is paying for the bonds - Disney, because Disney is the landowner of in Reedy Creek. Their property taxes to Reedy Creek pay for the bonds.
You do you but personally, I tend to listen to the people who write the bills and when they say it is meant to do something, I believe them. Not the press clippings, not the sanitized, polished and marketable version they lay out for everyone later, but the legit intent that often comes out when it is being debated/planned out. In those cases where that information does comes out, why on Earth would anyone believe the marketing instead of the original source?
Right now a little less than 25% of the taxes are paid by DVC owners through their maintenance fees and the remainder is paid directly by Disney or various subsidiaries of Disney. There are a handful of other taxpayers as well but that’s not a material amount of the total taxes.
Primarily Disney. Disney is the largest taxpayer by far within RCID. But they are paying for the bonds through their taxes to RCID. If RCID goes away, then they won't be paying those taxes to RCID anymore.
It would, because the contract specifies that The state of Florida guarantees that Reedy Creek will have the power to continue to invest in infrastructure, raise taxes, etc, to guarantee the debt.
So YES, RCID IS DISNEY (I knew that forever)
Disney wins big from a revenue standpoint, but it loses big on its ability to shape the direction of WDW. Reedy Creek was a huge reason why WDW was able to be built as it was - why the bubble exists, why the roads are all in good shape, etc. If Reedy Creek goes away, the experience for the guest will eventually decline in those areas.
Agreed but I’d take it a step further. I actually think a 1st amendment lawsuit would play right into the hands of a Governor who wants to be President. It would be a complete goat rodeo and eventually probably go all the way to the Supreme Court. DeSantis gets to play the part of the guy who is taking down woke corporations. He throws in a few additional buzz words in addition to woke and the donations come flooding in. If he wins he can celebrate it. If he loses he can rail about the courts being biased. Either way he gets more donations. Win/win. I agree that the fate of RCID is largely irrelevant.
Stop acting like you work for Disney's PR department. Everyone knows that RCID is for all intents and purposes Disney. If you go back to the original intent of the development it was also going to result in a actual city which is what EPCOT was supposed to be where actual families would live and work and that was in part a reason RCID made sense... but then Disney ignored the original intention and remade EPCOT into a theme park.
The list of property owners was posted awhile ago. Disney own the overwhelming majority of the land but there are other landowners, about a whole page’s worth.
I hope you’re right, though I’m less optimistic that DeSantis and his cronies will be content to let Disney “win” this battle.
