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

[lazyboy97o]

Yep, my in-laws as well after they built their new home was assessed WAY high and got a nice chuck off. Disney is just doing what is available to them, the only difference is they have the money and lawyers on staff to do it year after year.

In many cases you have to do it year after year. If your 2022 assessment was high and the matter isn’t settled when the 2023 assessment is made then you have to now challenge the 2023 assessment because it’s based on the one which with you disagree.

 

[Mr. Stay Puft]

 

[MisterPenguin]

Rick Singh Orange County tax appraiser according to courts inflated Disney property values and got crushed . Disney won.

Universal sued, too, and Universal won.

There is nothing unusual for a big company to dispute their tax appraisal. Anyone can dispute their tax appraisal.

 

[zakattack99]

he likes the words "unreasonable", and "irregular". But I don't think he has said illegal.

 

[Riviera Rita]

It's been quite fun to go look back at photos of pre Disney Orlando. Yes, it was always destined for mass tourism even if Disney hadn't chosen it for their newest theme park.

 

[Kamikaze]

Oooooh this email is damning.

No, it isn't.

It said 'I am comfortable with my name on it' but the 'optics' would be better if it was someone else.

IOW, Disney was fine with everyone knowing McGowan wrote it if it came to that.

You have to remember that these lawyers are going to keep their money train going right now. These are small firms that probably have few long term clients like CFTOD would be.

 

[afterabme]

I wonder what would happen to the counties budgets should they have to cover everything RC covers. I still don't see how they're getting out of paying taxes

There are multiple situations but let's assume for a second that somehow all bonds are paid off. If Orange and Osceola Counties had to cover everything that Reedy Creek does, it wouldn't be the end of the world. Rather, they would have a similar situation to Universal. SeaWorld, and I-Drive. This means more special districts being created to help fund roads (like the CRA Universal is in) and permitting going through the county rather than the CFTOD/RCID. Fire and EMS are transferred to the respective counties.

 

[Mr. Stay Puft]

This is very concerning. Downright frightening.

Sounds to me the new board is going to try to force Disney into selling off assets under eminent domain to the state!

 

[MisterPenguin]

I hope everyone watching this is getting a real sense of how mundane the business of this District is and that all of the sky-is-falling stuff was just hysteria.

Would you like to retract this statement at this point of the proceedings?

 

[Disstevefan1]

You know who is the real winner here….. Universal

 

[lazyboy97o]

Oooooh this email is damning.

Details? Can’t watch right now.

 

[Figgy1]

There are multiple situations but let's assume for a second that somehow all bonds are paid off. If Orange and Osceola Counties had to cover everything that Reedy Creek does, it wouldn't be the end of the world. Rather, they would have a similar situation to Universal. SeaWorld, and I-Drive. This means more special districts being created to help fund roads (like the CRA Universal is in) and permitting going through the county rather than the CFTOD/RCID. Fire and EMS are transferred to the respective counties.

Let's say once the bonds are paid off the counties take over. What will happen to local property taxes. Maintenance will go up for the counties and in the case of UNI the new roads are costing the county money

 

[lazyboy97o]

There are multiple situations but let's assume for a second that somehow all bonds are paid off. If Orange and Osceola Counties had to cover everything that Reedy Creek does, it wouldn't be the end of the world. Rather, they would have a similar situation to Universal. SeaWorld, and I-Drive. This means more special districts being created to help fund roads (like the CRA Universal is in) and permitting going through the county rather than the CFTOD/RCID. Fire and EMS are transferred to the respective counties.

The counties can’t create districts on incorporated land.

 

[Surferboy567]

This is very concerning. Downright frightening.

Sounds to me the new board is going to try to force Disney into selling off assets under eminent domain to the state!

If that happened Disney would sue so fast. I don’t know how the board could reasonably claim that is fair in court.

 

[Riviera Rita]

When Disney wanted to build a park in Europe they initially chose a site in Essex in the UK until someone suused out who was trying to buy up all this land and inflated the price of the land, so Disney basically said 'No Thanks' and built Euro Disney just outside of Paris. It's no secret that Disney did not buy up the land in Orange County themselves, but, had agents doing it for them to avoid the overinflation of the asking price for this actually unusable land. Nothing dodgy, just protecting their interests.

 

[lazyboy97o]

This is very concerning. Downright frightening.

Sounds to me the new board is going to try to force Disney into selling off assets under eminent domain to the state!

Escalation. This is why Disney trying to just appease and sulk away was a mistake. They should have fought when the stakes were lower.

 

[afterabme]

Details? Can’t watch right now.

Probably this.

 

[CaptainAmerica]

Details? Can’t watch right now.

WDW chief council drafting agreements and then asking for his name to be taken off the header and replaced with a third party.

I'm watching without audio while I half pay attention to a Zoom so I only saw it, I didn't hear the commentary.

 

[lazyboy97o]

If that happened Disney would sue so fast. I don’t know how the board could reasonably claim that is fair in court.

That’s what eminent domain is. It’s an established concept.

 

[Stripes]

That person did claim without a doubt that Disney did not send letters out.

Thoughts?

Sounds like letters never went out. Assuming that is true, that is highly, highly concerning.