Chi84
Premium Member
But everyone thinks he did.
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News Reedy Creek Improvement District and the Central Florida Tourism Oversight District
- Thread starter castlecake2.0
- Start date
Fordlover
Active Member
That is patently false. Many perhaps, but certainly not 'everyone'
Figgy1
Well-Known Member
I'm looking at this situation like a multi-course meal. There are appetizers, soups, salads, entrees, cheese plates, and desserts, the size of each course varies but we'll never know by how much. Some courses may be a single grain of rice and some will be served on very large platters
Can anybody answer this?
#1 - Was the Lake Nona campus concept designed as a charity "gift" to Florida or a symbolic "nice gesture" to the state?
#2 - Was Lake Nona part of a REVENUE GENERATING goal or COST SAVING goal of the company? Was it part of a "real" profit/loss BUSINESS model for Disney?
If the answer is #1,...then yes, DeSantis killed it and Disney is taking their "gift" to the state away in angry protest.
If the answer is #2...then there is NO reason why they would "not" continue to build it. If the project had REAL revenue generating or cost saving VALUE, there would be NO reason to kill it because DeSants said "mean" things about Disney.
Lake Nona would have survived SOLEY on it's own profit/loss business model
It seems to me that the Lake Nona concept never had a strong business model backing it up from day one and had no true business value.
#1 - Was the Lake Nona campus concept designed as a charity "gift" to Florida or a symbolic "nice gesture" to the state?
#2 - Was Lake Nona part of a REVENUE GENERATING goal or COST SAVING goal of the company? Was it part of a "real" profit/loss BUSINESS model for Disney?
If the answer is #1,...then yes, DeSantis killed it and Disney is taking their "gift" to the state away in angry protest.
If the answer is #2...then there is NO reason why they would "not" continue to build it. If the project had REAL revenue generating or cost saving VALUE, there would be NO reason to kill it because DeSants said "mean" things about Disney.
Lake Nona would have survived SOLEY on it's own profit/loss business model
It seems to me that the Lake Nona concept never had a strong business model backing it up from day one and had no true business value.
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Chi84
Premium Member
Well of course it’s exaggeration! My point is that the news reports are heavily weighted toward DeSantis as the cause and he has only himself to blame for it.
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lazyboy97o
Well-Known Member
Lake Nona is not near the Reedy Creek.
mikejs78
Premium Member
He could, but there's no Senate race he could run in until 2028 at the earliest. And then the question would be whether he runs for Senate in 2028 or takes another shot at the Presidency....
Scott is up for re-election in 2024.
GoofGoof
Premium Member
Everyone here has agreed since page 1 that Disney cannot move WDW from the state. Not possible due to the massive investment that would have to be written off. Lake Nona was a billion dollar project with 2,000+ jobs tied to it. Once Disney spent that money and relocated workers moving those jobs out of the state would have required a billion dollar write-off. It makes perfect sense for the company to pull out of that project now before it’s too expensive to do so. Why create another situation with massive investment at risk? WDW can’t move but office jobs can.
The original project was a long term cost savings for the company as well as a move to a more business friendly state. The company’s own original press releases confirm that. The primary reason it was a cost savings was the tax credits. Without them the move would not have been proposed. Disney stated yesterday that they cancelled due to a change in the business environment. As others pointed out maybe they view those tax credits as being in jeopardy now as well. What’s to stop the Governor from trying to pull them back with a crazy bill like the monorail one that creates a carve out that only impacts Disney? Difficult but not impossible to do. Even without that fear there is always a risk premium associated with political risk anywhere. FL had a positive outlook for businesses as recently as a year or 2 ago, that has flipped now.
flynnibus
Premium Member
So what do you believe made it so much more expensive now… vs 2021?
flynnibus
Premium Member
You already acknowledged other reasons to kill it on the last page… headwinds with their own people. And knowing the conpany doesn’t live in a bubble (business environment).
You can’t even keep a consistent story 30mins apart.
The local Lake Nona government never changed anything that would hurt Disney's ability to build there. The state of Florida never did anything to hurt Disney in Lake Nona either. The business and tax conditions in Lake Nona were never under any risk from day one.
The profit/loss business model of Lake Nona is today...exactly what it always was from day one. If their busness model made sense 4 years ago, it still valid today. The Reedy Creek drama has nothing to do with the financial profit/loss potential of the Lake Nona campus idea.
Unless.....Lake Nona was a bad business model idea from day one......
Figgy1
Well-Known Member
My guess is that is the very large platters part of the meal
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Figgy1
Well-Known Member
Unless the state changes the terms which wasn't a possibility when it was announced. Now who knows what will happen
Disney can walk away and still make money off the deal. The value of the property is higher today than when they purchased it 2 years ago. As many have said, this will not stop investments in the area but it may slow down the growth rate and have a small impact due to the 2,000 jobs lost with an annual payroll of $240,000,000.00 plus the lost payroll taxes, property tax, utilities, insurance and other expences. Hopefully they can move the jobs to Georgia as they do a great amount of filming there and could build an East Coast Campus near Atlanta and still be closer to WDW.
durangojim
Well-Known Member
It’s official. Disney is moving the Magic Kingdom to Nova Scotia. I just this on Twitter. You hear it here first.
No...im pretty clear. Here is what I say in one simple sentence:
"The Lake Nona Campus died because it had no strong profit/loss/savings business model combined with the fact that there was deep, internal Disney staff hatred for it."
DeSantis did NOT kill Lake Nona. The project died completely on it's own internal factors.
Recall a few years ago when Iger disagreed with Kemp of GA over the GA heartbeat law ? Iger threatened to pull Disney filming out of GA in protest.
mikejs78
Premium Member
GoofGoof
Premium Member
Why would any company green light a project like this if it had no strong profit/loss/savings associated with it? What you are saying makes no sense. There is not a potential revenue stream from this. It’s not a new theme park or new ride that has the potential to drive business or attract customers. It’s just moving overhead costs.