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

[Sirwalterraleigh]

I hope so I want him to run it up to 170 before he walks, I'm bettin' on Bob

…the problem is their vulnerability has been “exposed”

And that’s all on Bob (you pick)

Think Iger is riding out a 3 year recession? I don’t think he has the shoes for it

 

[JoeCamel]

…the problem is their vulnerability has been “exposed”

And that’s all on Bob (you pick)

Think Iger is riding out a 3 year recession? I don’t think he has the shoes for it

The problem is the nest egg has been spent and if the chickens it bought don't produce you will be able to buy pieces down at the antique mall. A move for the ages in business over the next few years

 

[Nubs70]

At today's town hall, Bob Iger had the following to say regarding RCID:

I was sorry to see us dragged into that battle, and I have no idea what its ramifications are in terms of the business itself. What I can say is that the state of Florida has been very important to us for a long time and that we have been very important to the state of Florida. That is something that I’m extremely mindful of and will articulate if I have the chance, but I don’t have the details at all yet about what the ramifications are of the decision that was made by the state of Florida and whether we intend to do anything about it.​

​

And also:

I think there is a misperception here on what politics is. I think that some of the subjects that have proven to be controversial as it relates to Disney have been branded political, and I don’t necessarily think they are. I don’t think that when you are telling stories and attempting to be a good citizen of the world that that’s political. Just not how I view it. Do I like the company being embroiled in controversy? Of course not. It can be distracting and it can have a negative impact on the company. To the extent that I can work to quiet things down, I’m going to do that. But I think it’s important to put in perspective what some of these subjects are and not just simply brand them political.​

Mostly typical corporate-speak. Lots of carefully chosen words without saying anything of substance.

My take is WDW wants to work the issue in the background not in the headlines

 

[Elijah Abrams]

So, despite Iger's return, the RCID is still going to be terminated?

 

[GimpYancIent]

At today's town hall, Bob Iger had the following to say regarding RCID:

I was sorry to see us dragged into that battle, and I have no idea what its ramifications are in terms of the business itself. What I can say is that the state of Florida has been very important to us for a long time and that we have been very important to the state of Florida. That is something that I’m extremely mindful of and will articulate if I have the chance, but I don’t have the details at all yet about what the ramifications are of the decision that was made by the state of Florida and whether we intend to do anything about it.​

​

And also:

I think there is a misperception here on what politics is. I think that some of the subjects that have proven to be controversial as it relates to Disney have been branded political, and I don’t necessarily think they are. I don’t think that when you are telling stories and attempting to be a good citizen of the world that that’s political. Just not how I view it. Do I like the company being embroiled in controversy? Of course not. It can be distracting and it can have a negative impact on the company. To the extent that I can work to quiet things down, I’m going to do that. But I think it’s important to put in perspective what some of these subjects are and not just simply brand them political.​

Mostly typical corporate-speak. Lots of carefully chosen words without saying anything of substance.

Corporate-speak yes! Diplomatic speak absolutely. No drastic immediate change or modification, but he is alluding to a gradual long-term adjustment away from the company's current trajectory. Show care as B.I. is calculating, he plays chess he does not play checkers like B.C.

 

[denyuntilcaught]

Corporate-speak yes! Diplomatic speak absolutely. No drastic immediate change or modification, but he is alluding to a gradual long-term adjustment away from the company's current trajectory. Show care as B.I. is calculating, he plays chess he does not play checkers like B.C.

Exactly. There's actual meaning in corporate speak.

Sometimes.

 

[Comped]

The problem is the nest egg has been spent and if the chickens it bought don't produce you will be able to buy pieces down at the antique mall. A move for the ages in business over the next few years

Not at the prices they're charging at Lakeland! (Almost) none of us can afford that!

 

[GoofGoof]

So, despite Iger's return, the RCID is still going to be terminated?

Igers return probably doesn’t change much at least up front. It is possible that he would be willing to make a different deal than Chapek would have but we won’t ever really know for sure.

 

[celluloid]

A week back on the job....again and has no spine.

 

[Kamikaze]

A week back on the job....again and has no spine.

Okay, I'll bite - what exactly did you want him to say? 'Screw you Desantis, we're taking you to court!'

Disney knows that they literally can win this by just running the clock. In reality, getting $2b taken off their books in exchange for 'losing' the district is a trade they would make 99% of the time.

The FL gov will come to them sometime in the spring with some sort of compromise, and then the actual negotiations will start. Iger didn't have to do anything in his first week, and doesn't have to do anything at all.

 

[celluloid]

To say he stands by what he said in February when he was not in the and the company with that.

To say he is aware that just as many people that work for him don't feel the same.aboit what he said in February.

Anything other than the vague.

 

[JoeCamel]

Does TWDC have standing to negotiate this other than being the major property holder in the district? Does Bob have a direct voice?
I would think it would be whoever their representatives at RCID are plus what ever professional lobbyists/negotiators, legal and administrative support they want to lend them in the negotiations?

 

[lazyboy97o]

Does TWDC have standing to negotiate this other than being the major property holder in the district? Does Bob have a direct voice?
I would think it would be whoever their representatives at RCID are plus what ever professional lobbyists/negotiators, legal and administrative support they want to lend them in the negotiations?

A new District requires the approval of the land owners, so yes, Disney would be involved. But Disney is not the only landowner in the existing District. Creating new districts requires unanimous support. You can’t force your neighbors with smaller landholdings into your district. So what happens if some of the other owners no longer wish to participate and pay higher taxes? That’s revenue the District can no longer collect, sending this whole thing right into the state’s pledge to bond holders.

 

[GimpYancIent]

In Diplo-speak B.I. has begun moving and walking back Disney. His comments were carefully made as a sign of de-escalation and a change of direction. Calculating, spine has nothing to do with it.

 

[Disstevefan1]

WDW and Florida are partners. Like Walt and Roy, partners sometimes don't agree on stuff, but are still partners for the common good. Its too bad we are where we are.

I truly hope the local Floridian (who never goes to WDW; doesn't use the roads or services in the district) does not get stuck with the bill.

 

[GoofGoof]

WDW and Florida are partners. Like Walt and Roy, partners sometimes don't agree on stuff, but are still partners for the common good. Its too bad we are where we are.

I truly hope the local Floridian (who never goes to WDW; doesn't use the roads or services in the district) does not get stuck with the bill.

That local Floridian who doesn’t go to Universal is stuck paying for a new road to their 3rd gate (or re we still calling a water park a 3rd gate in which case it’s their 4th gate).

 

[Rich Brownn]

That local Floridian who doesn’t go to Universal is stuck paying for a new road to their 3rd gate (or re we still calling a water park a 3rd gate in which case it’s their 4th gate).

Universal paid $160 million as part of an agreement for the extension. The project was planned long before Epic was conceived but funding didn't exist

 

[Ayla]

WDW and Florida are partners. Like Walt and Roy, partners sometimes don't agree on stuff, but are still partners for the common good. Its too bad we are where we are.

I truly hope the local Floridian (who never goes to WDW; doesn't use the roads or services in the district) does not get stuck with the bill.

I hope they do. Maybe they'll realize who they vote for has consequences.

 

[OrlandoRising]

That local Floridian who doesn’t go to Universal is stuck paying for a new road to their 3rd gate (or re we still calling a water park a 3rd gate in which case it’s their 4th gate).

You know there's going to be extra traffic in that area, so widening and extending roads arguably has a public benefit rather than simply serving a private need. This is similar to publicly-funded infrastructure improvements made when new stadiums get built.

As another poster pointed out, Universal is funding more of this than Orange County is -- the county's contribution is capped at $125 million. That's a better deal than most infrastructure projects of this kind where the overruns typically fall on taxpayers.

 

[Tony the Tigger]

That local Floridian who doesn’t go to Universal is stuck paying for a new road to their 3rd gate (or re we still calling a water park a 3rd gate in which case it’s their 4th gate).

The local Floridian doesn’t pay income tax because of the tourist industry.