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

the_rich

Well-Known Member
I'm not saying that they can't say what they want. Don't put words in my mouth. They went after the legislation. I believe the quote was something like our goal as a company is for the law to be repealed by the legislature or be struck down in the courts. We are committed to supporting the national and state organizations to achieve that. 🤷‍♂️🤷‍♂️
You said they poked the bear. Basically saying they got what they asked for. But nothing they said is justification for the government trying to punish them. That's literally what the first amendment protects.
 

Brian

Well-Known Member
Yeah. Disney stock has been hammered since all this came up. It's down 2% just today. This isn't good news, folks!
The market at large has been hammered since the Fed announced the first of many rate hikes. I wouldn't read too much into the DIS share price for insight into Wall Street's feelings on this. Disney is taking a hit, analysts say, because of the worry that they will see similar streaming struggles as Netflix.
 

Animal_Kingdom_09

Active Member
The point here is Disney can survive without Florida. Florida can't survive without Disney.

Perhaps that statement is true for Orlando. The rest of Florida would somehow manage to survive without Disney. Now, if Disney can make Frozen real and turn Florida into a frozen wasteland in the winter, you might be on to something...
 

lazyboy97o

Well-Known Member
So we agree that today's situation is different, and the WDW of today would certainly not be possible if not for the powers granted to the RCID.

Where I respectfully disagree is that RCID is needed to continue operating WDW. You rightfully pointed out EPCOT (the plans for the "city of the future"), much of which had never been done before in the world. This would require a well-oiled machine of local government to get the plans off the ground, something that the counties couldn't possibly pull off, even in the 70s. Not only that, but they did absolutely need RCID's bond issuing authority and various municipal powers to create the infrastructure needed to support the plans, akin, on a much smaller and less involved scale, to how CDDs are established for most new ground-up Central FL residential communities taking over our beloved citrus groves and cow pastures.

Since EPCOT never happened, and since the primary infrastructure is already in place and can easily be financially and logistically maintained (if forced to) and expanded when necessary by Disney, who owns the land it occupies already, I see little reason to continue affording them the special powers they were granted.

Of course, it is useful to have those powers, but they, just like Universal and the many other tourist attractions nationwide that don't have them (including Disneyland), can get along just fine without them. My position is that no company should enjoy those powers, at least not in perpetuity. That said, I would have wanted to see dissolution happen decades ago, not as a thinly veiled political jab.
The Garden City concept was already over half a century old by the time Walt read The Heart of Our Cities. It wasn’t new or earth shattering, in most ways EPCOT was old urban planning that had been abandoned.

The biggest advantages come with costs not carried by other tourist destinations who end up receiving services from the local government.
 

Tamandua

Well-Known Member
The market at large has been hammered since the Fed announced the first of many rate hikes. I wouldn't read too much into the DIS share price for insight into Wall Street's feelings on this. Disney is taking a hit, analysts say, because of the worry that they will see similar streaming struggles as Netflix.
Fair points! But then again, some would have you believe they've just been handed $2 billion by the state government. That would surely drive the stock up.
 

flynnibus

Premium Member
So here's an angle... if/when the district is dissolved... a new zoning map would have to be setup by the counties. They could change the default posture of the zoning of the property to basically take away the almost 'by right' development Disney can do with RCID. Thus require almost all new uses go through county approvals.

This is an example of how RCID is an advantage to Disney and how the counties could squeeze Disney to pay their share. By reclaiming the zoning approval power... they can ensure Disney does things to their preference and pay for things they feel are necessary to get the approvals.

Disney could be forced to proffer things as part of getting their zoning exceptions instead of getting to decide on their own what would be company funded vs RCID funded.
 

WDWJoeG

Well-Known Member
The market at large has been hammered since the Fed announced the first of many rate hikes. I wouldn't read too much into the DIS share price for insight into Wall Street's feelings on this. Disney is taking a hit, analysts say, because of the worry that they will see similar streaming struggles as Netflix.
If this was a huge benefit to the company the markets would be reacting positively and you would have been seeing the Disney CFO all over CNBC the last couple of days explaining why this is really a net positive for the company should it happen.

Their silence is all you need to know.
 

kalel8145

Well-Known Member
You said they poked the bear. Basically saying they got what they asked for. But nothing they said is justification for the government trying to punish them. That's literally what the first amendment protects.
It's them going after the legislation, pledging to support the opposition to it. Governments been going after people who do that for a long time. It's nothing new. Keep saying the 1st amendment, that's fine. But this is politics plain and simple. 1st amendment getting trampled on is nothing new. Disney should have stopped at saying they support LBGTQ and left it at that. Just stick to entertainment.
 

lazyboy97o

Well-Known Member
So here's an angle... if/when the district is dissolved... a new zoning map would have to be setup by the counties. They could change the default posture of the zoning of the property to basically take away the almost 'by right' development Disney can do with RCID. Thus require almost all new uses go through county approvals.

This is an example of how RCID is an advantage to Disney and how the counties could squeeze Disney to pay their share. By reclaiming the zoning approval power... they can ensure Disney does things to their preference and pay for things they feel are necessary to get the approvals.

Disney could be forced to proffer things as part of getting their zoning exceptions instead of getting to decide on their own what would be company funded vs RCID funded.
They wouldn’t for the same reasons they didn’t do it to Universal.
 

Chip Chipperson

Well-Known Member
It's them going after the legislation, pledging to support the opposition to it. Governments been going after people who do that for a long time. It's nothing new. Keep saying the 1st amendment, that's fine. But this is politics plain and simple. 1st amendment getting trampled on is nothing new. Disney should have stopped at saying they support LBGTQ and left it at that. Just stick to entertainment.

Are you okay with being punished for voicing your opinion or donating money to a non-profit organization that operates within the law?
 

Disstevefan1

Well-Known Member
A law was proposed, voted on and signed into law.
Folks got caught off guard; didn't know, did not bother to stay informed, never told their representatives, whatever it does not matter.
Some folks don't like the law.
The normal, correct procedure is to work the get the law to be repealed by the legislature or be struck down in the courts.
Even if this fails, there are many laws on the books that are ignored, not followed or enforced, or CANT be enforced.
It's too bad this situation snowballed into the mess we have right now.
 

Chip Chipperson

Well-Known Member
I can't get my head around this position people are taking that Disney doesn't receive any special treatment from RCID... but also Disney will be so much worse off if RCID is dissolved.

You can’t get your head around it because it's a stance you're creating in your own mind. Who is claiming that Disney doesn't benefit from RCID? And did that person also claim that losing RCID will harm Disney? Quoted posts to verify this would be nice, please.
 

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