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

[GoofGoof]

At least 1 of the bonds has a provision prohibiting early redemption. Anything other than keeping that bond as-is through its maturity date would be a substantial harm as it would deprive the bondholders of their interest earnings.

The only way out of that one is going to be to negotiate with the bondholders directly. It’s possible they agree to terms and agree to allow the bonds to be redeemed early. Money talks

 

[LAKid53]

The only way out of that one is going to be to negotiate with the bondholders directly. It’s possible they agree to terms and agree to allow the bonds to be redeemed early. Money talks

That's usually done in circumstances when the bond issue itself is at risk. And it's a big risk in this instance.

 

[ParentsOf4]

I find it interesting that Disney has been mum on the whole situation. The only thing we have seen or heard is them firing a dude. It will be fun to see how this all shakes out.

Disney remaining silent is a smart legal strategy.

First, spend more time researching options before proceeding.

Second, allow those many paid Florida lobbyists to work back channels.

Third, wait until DeSantis commits to a course of action before countering.

Fourth, position yourself for your ultimate play (if needed) - "DeSantis' illegal action violated our First Amendment rights by silencing us."

 

[lentesta]

Well, I'm just glad so many people here are so concerned about limited government and freedom of speech now. It's refreshing.

Lots of us have been vocally (and justifiably) critical of Disney for various things.

That said, I believe the words of American philosopher C. Edward Daniels are relevant for the FL Legislature:

And we may have done a little bit
Of fightin' amongst ourselves
But you outside people best leave us alone

 

[GoofGoof]

Attorney William Sanchez has refiled the lawsuit from 3 Orange County residents that was thrown out of court last week:

Florida Residents Refile Lawsuit Against Gov Ron DeSantis Over Disney’s Special Tax District​

Sanchez (or the lawsuit) states:

“The federal judge who ruled in the first case, strongly insinuated that the case should be filed in the State Court. We have done exactly that and included more relevant grounds”​

​

...​

​

“The case arises out of the ‘Don’t Say Gay’ bill and Gov. DeSantis attempts to punish Disney. In fact, Florida taxpayers will be punished. Thus, the reason for the lawsuit. We will continue to protect Florida taxpayers and not allow Gov. DeSantis to bully the people around.”​

​

...​

​

“Ron DeSantis has been clear on his intended punishment of Disney, although he claims the elimination of special districts will not affect central Florida taxpayers,” the slightly updated new suit reads. “Plaintiffs ask for the opportunity to be heard since their rights are clearly being violated.”​

This time, the lawsuit has 4 plaintiffs.

I still don’t think this one has a very good chance to succeed in court, but I suspect that’s not really the point.

 

[DisneyDebRob]

Those 183 days don't have to be consecutive. BUT you need to provide proof. Residing in a DVC property for 183 days out of a year won't cut it.

My home DVC resort is AKL. I was just reading his post and wondering if we could put our contract’s together and make it work. Your such a killjoy.

 

[mikejs78]

Attorney William Sanchez has refiled the lawsuit from 3 Orange County residents that was thrown out of court last week:

Florida Residents Refile Lawsuit Against Gov Ron DeSantis Over Disney’s Special Tax District​

Sanchez (or the lawsuit) states:

“The federal judge who ruled in the first case, strongly insinuated that the case should be filed in the State Court. We have done exactly that and included more relevant grounds”​

​

...​

​

“The case arises out of the ‘Don’t Say Gay’ bill and Gov. DeSantis attempts to punish Disney. In fact, Florida taxpayers will be punished. Thus, the reason for the lawsuit. We will continue to protect Florida taxpayers and not allow Gov. DeSantis to bully the people around.”​

​

...​

​

“Ron DeSantis has been clear on his intended punishment of Disney, although he claims the elimination of special districts will not affect central Florida taxpayers,” the slightly updated new suit reads. “Plaintiffs ask for the opportunity to be heard since their rights are clearly being violated.”​

This time, the lawsuit has 4 plaintiffs.

As much as I would like this to succeed, I don't think it will as standing will probably be an issue yet again.

I'm sure that won't stop certain people from coming in here and claiming that they told us so all along and if only we have listened to them we would have known the truth.

 

[LAKid53]

As much as I would like this to succeed, I don't think it will as standing will probably be an issue yet again.

I'm sure that won't stop certain people from coming in here and claiming that they told us so all along and if only we have listened to them we would have known the truth.

And it very likely may.

 

[Lilofan]

I still don’t think this one has a very good chance to succeed in court, but I suspect that’s not really the point.

I'm confused. If the lawyers can't win why do the residents hire them? The lawyers don't work for free.

 

[LAKid53]

I'm confused. If the lawyers can't win why do the residents hire them? The lawyers don't work for free.

Lawyers work for reasons other than payment.

 

[Lilofan]

Lawyers work for reasons other than payment.

If it was my hard earned money I would not be paying a lawyer to argue a case where I know he can't win on my behalf.

 

[Chip Chipperson]

My home DVC resort is AKL. I was just read his post and wondering if we could put our contract’s together and maje it work. Your such a killjoy.

I do require a 3-bedroom villa in case I have visitors.

 

[GoofGoof]

I'm confused. If the lawyers can't win why do the residents hire them? The lawyers don't work for free.

The lawyer who filed the original and this amended lawsuit is running for political office. I would be pretty surprised if the plaintiffs are paying him a dime.

 

[flynnibus]

If it was my hard earned money I would not be paying a lawyer to argue a case where I know he can't win on my behalf.

You assume the plaintiffs are the ones motivated to have the case...

 

[UNCgolf]

I'm confused. If the lawyers can't win why do the residents hire them? The lawyers don't work for free.

A lot of plaintiffs' attorneys work on a contingent fee basis, so the people "hiring" them aren't really paying anything.

I doubt this specific case is contingent fee, but that still doesn't mean he's charging them. He could have personal reasons for filing the case and simply needed to recruit plaintiffs for standing.

 

[GhostHost1000]

This is deflecting the blame. You may not like Disney’s stance (I personally do), but they have a legally protected right to hold it and shouldn’t face politically motivated retaliation for doing so.

Regardless this could have all been avoided. Disney should focus on their business objectives. There is no need to take a public stance one way or the other. Many Fortune 500 companies leaning left or right should take a lesson from this.

 

[JoeCamel]

Regardless this could have all been avoided. Disney should focus on their business objectives. There is no need to take a public stance one way or the other. Many Fortune 500 companies leaning left or right should take a lesson from this.

That was the attitude before Citizens United but the Supremes decided differently. A corporate leader needs to be all encompassing in matters of community as it is the fabric of their workforce. They live or die by their stance but if it is raw dollars that are the only motivation then life just isn't worth it, it isn't life

 

[DisneyDebRob]

Hey, it sure must have worked, because Chapek has been quiet as a church mouse. Sure seems to have stopped the political rhetoric in its tracks. Chapek was all smiles and love on the most recent stockholder conference call, and then back into hiding.

Why is it important to keep someone’s constitutional right quiet? Are we living in a alternate reality now and we arent in the USA anymore? I just can’t understand the point. If it doesn’t align with your beliefs then it’s wrong?
Everyone should shut up with everything, thats the way to go.

 

[peter11435]

Sure seems to have stopped the political rhetoric in its tracks.

Not exactly something to celebrate. That’s kind of the problem with Florida’s actions here

 

[GhostHost1000]

That was the attitude before Citizens United but the Supremes decided differently. A corporate leader needs to be all encompassing in matters of community as it is the fabric of their workforce. They live or die by their stance but if it is raw dollars that are the only motivation then life just isn't worth it, it isn't life

I get it…but they don’t need a public stance. I guarantee Disney’s stock would be much higher with them just keeping quiet (regardless of their stance)