Given his well publicized diet of fast food and cola, this is a real possibility.
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News Reedy Creek Improvement District and the Central Florida Tourism Oversight District
- Thread starter castlecake2.0
- Start date
tissandtully
Well-Known Member
GoofGoof
Premium Member
Yeah, I probably shouldn’t have put that idea out there in the world even as a joke. I also joked about the district banning people dressed as mice or ducks. The way things have progressed that doesn’t seem as much like a silly joke anymore either
mikejs78
Premium Member
No, it's a way of being able to build big projects efficiently while not impacting the taxpayers. Calling it a "sweetheart deal" is incorrect. It's a symbiotic deal aimed at economic growth while putting that burden on the company, not the taxpayers, with the incentive that it allows for greater efficiency.
Some of it maybe, but not all There's no provision for a private fire department, for example. Reedy Creek's investments and services cover more than just roads. Reedy Creek also pays for police it needs, emergency medical services, etc, which would be funded by the taxpayers otherwise.
Yes, but at taxpayer expense as opposed to Disney expense.
That's not an accurate term to describe how Reedy Creek has operated.
scottieRoss
Well-Known Member
it list them as they have a ground lease and are reponsible for taxes, but the property is owned by Palm Hospitality
Chi84
Premium Member
Best, most concise summary I’ve seen.
GoofGoof
Premium Member
RCID was a sweetheart deal…..for the limited number of local taxpayers who existed at the time it was put in place. It was also an essential benefit for Disney that directly resulted in the company selecting the Orlando site. Without RCID there’s a good chance they may not have built there or in FL at all. It’s easy to look at the situation today and dismiss the value Disney brought to the table but the state of FL would be dramatically different today without TWDC. Disney enjoyed their control and the local residents enjoyed not paying for the growth….a win/win. I don’t know if that’s the same thing as quid pro quo but both sides certainly benefited greatly initially and continued to benefit up until a few months ago.
There are still some private fire departments today but in a lot of cases those are supplemental and related to forest fire protection. EMS services could probably be provided privately but even that would have to be heavily coordinated with the local counties which would come at a cost to the counties.
I feel like this is something that gets overlooked by some people. By creating RCID TWDC had control of a special tax district but they also paid almost exclusively for the cost of that government. So the argument keeps being made that other corporations don’t get to control a local government but other companies also aren‘t required to exclusively fund one either. If you look at the history of the area if RCID never existed or got dissolved today it would not be hard or overly expensive for TWDC to gain great influence over the local county governments. First, they are a massive catalyst of the local economy so why would the local government be anything other than overly friendly. It would be much cheaper to offer some campaign contributions to the right candidates to get them to approve what you want then to fund you own government. I don’t see Universal struggling to get development approved….they have their own development agreement with the government they don’t control.
GoofGoof
Premium Member
It appears that Palm Hospitality is a subsidiary of TWDC. Per a web search I found this:
So Disney still owns the land through a subsidiary but I guess with a long term land lease it must be structured where DOD is the taxpayer so exempt from property taxes. One thing we have learned in this thread is Disney has some good lawyers
JoeCamel
Well-Known Member
When you buy DVC you get a title and "Vista Title Insurance" shows up on the closing sheet? Nice to get a cut from everywhere, Buffet does that with his mobile home business.It appears that Palm Hospitality is a subsidiary of TWDC. Per a web search I found this:
View attachment 712193
So Disney still owns the land through a subsidiary but I guess with a long term land lease it must be structured where DOD is the taxpayer so exempt from property taxes. One thing we have learned in this thread is Disney has some good lawyers
tissandtully
Well-Known Member
pretty sure DVC involves like three entities, they got it managed very well
JoeCamel
Well-Known Member
nice word for milked
flynnibus
Premium Member
It was an arrangement the company sought to be able to control their destiny - the benefit to the state was getting this business with minimimal investment or burden to the state or others. Disney took on burdens in exchange for the greater prize... autonomy. The state gave it to them for the greater prize of... tourism. Quid pro pro.
Again topics that Disney could have funded directly. But instead, Disney offered to shoulder all that, in exchange for something else. Quid pro pro
Still a possibility - because RCID was not the ONLY way this could have happened. Proffers could have been for Disney to build and maintain and then turn over to the local gov after an extended period. But instead, Disney offered to shoulder all that, in exchange for something else. Quid pro pro
It's perfectly acceptable to describe how it came to be... Disney's commitment to Florida hinged on them securing a solution to their forward looking concerns. Without the state's buyin to DISNEY'S proposed solution, they could have walked. The state didn't bring up the special district... Disney did. The state's lawsuit against RCID was clearly a coordinated move, again a favor strengthen the arrangement.
And I'm not trying to say RCID doesn't hold Disney to scrutiny in it's execution of it's roles... but when it comes to long term planning, they are again in lock-step. Deals like the parking garages are totally self-serving deals. What RCID did was above the board, but it was not without favor.
Could be an option but to put food and the table and keep health insurance, the laid off can apply for theme park roles at lower pay.
DeSantis appointed board outlines its reasons for declaring Disney's last Development Agreement with Reedy Creek null and void
DeSantis appointed board outlines its reasons for declaring Disney's last Development Agreement with Reedy Creek null and void
DeSantis appointed board outlines its reasons for declaring Disney's last Development Agreement with Reedy Creek null and void
www.wdwmagic.com
Here is the latest BOS package
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tissandtully
Well-Known Member
I feel like the parks are barely getting hit by these layoffs, wasn't that the plan?
GoofGoof
Premium Member
So I guess we will see the first court room action pretty soon in this conflict:
Approval of legislative findings regarding and declare the February 8, 2023 Development Agreement and Declaration of Restrictive Covenants entered into by the Reedy Creek Improvement District and Walt Disney Parks and Resorts U.S., Inc. void and unenforceable and direction to litigation counsel to commence litigation as needed to have such instruments declared void and unenforceable, prohibit the enforcement of the same, to have such instruments terminated or stricken from the public records of Orange and Osceola Counties and to assert these legislative findings and seek remedies regarding the same.
They are directing their outside counsel to start litigation to void the contract.
Approval of legislative findings regarding and declare the February 8, 2023 Development Agreement and Declaration of Restrictive Covenants entered into by the Reedy Creek Improvement District and Walt Disney Parks and Resorts U.S., Inc. void and unenforceable and direction to litigation counsel to commence litigation as needed to have such instruments declared void and unenforceable, prohibit the enforcement of the same, to have such instruments terminated or stricken from the public records of Orange and Osceola Counties and to assert these legislative findings and seek remedies regarding the same.
They are directing their outside counsel to start litigation to void the contract.