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

Brian

Well-Known Member
I don't mean to be rude, but there's no requirement that anyone has to watch this meeting. You can't watch a group of partisans conduct a public meeting then be shocked and disappointed when they act like partisans.

Ultimately, this has zero impact on any of our lives. Disney will continue to exist in Florida no matter what these clowns do, and whether you watch or not, they will proceed with their plans. As at least one member has proven through their public comments at the meetings, the board does not care about what the public thinks.

In other words, spare yourself the frustration, especially when it comes to things that have no bearing on your life or the life of your family. I think everyone has sufficient information at this point to make an informed decision as to the only thing one can actually do to help rectify this situation - vote.
 

tissandtully

Well-Known Member
I don't mean to be rude, but there's no requirement that anyone has to watch this meeting. You can't watch a group of partisans conduct a public meeting then be shocked and disappointed when they act like partisans.

Ultimately, this has zero impact on any of our lives. Disney will continue to exist in Florida no matter what these clowns do, and whether you watch or not, they will proceed with their plans. As at least one member has proven through their public comments at the meetings, the board does not care about what the public thinks.

In other words, spare yourself the frustration, especially when it comes to things that have no bearing on your life or the life of your family. I think everyone has sufficient information at this point to make an informed decision as to the only thing one can actually do to help rectify this situation - vote.
I actually FF through the clowns, I can't watch the weirdos cause it's so cringey and there's a feeling of helplessness because you can't respond and point out factual errors, so you're right about that part and I agree with you, do some self-care and don't watch this if it makes you mad, I do that all the time with a lot of things, especially hard to do it with my profession though.
 

Figgy1

Well-Known Member
Even if what Garcia says is correct and the RCID was a bad law, his solution is wrong. Do away with the district and put WDW under the jurisdiction of the 2 counties. Having a local government run by the direction of Desantis us not democratic and is subject to all the same problems Garcia says was wrong with the RCID.
I hope you're going to be able to make a meeting and tell them that in person.
 

WoundedDreamer

Well-Known Member
Serious question: How much in sales tax does DS generate per year? IMHO one can't say the garages generate 0 in tax income with a straight face
IMO The parking garages were kind of odious. It was basically a way for the WDC to pay for an improvement to its property using tax dollars. It kept a major asset and the accompanying depreciation off the books. Admittedly, this is not a unique phenomena in the world of local government. Disneyland famously had Anaheim build its Mickey and Friends parking garage, which Disney then leased for a small token sum. But just because it isn't criminal or unusual, doesn't make it necessarily right or desirable. It's reasonable for a local government to say Disney should pay for its own parking garage using its own capital.
 

wdwmagic

Administrator
Moderator
Premium Member

Figgy1

Well-Known Member
IMO The parking garages were kind of odious. It was basically a way for the WDC to pay for an improvement to its property using tax dollars. It kept a major asset and the accompanying depreciation off the books. Admittedly, this is not a unique phenomena in the world of local government. Disneyland famously had Anaheim build its Mickey and Friends parking garage, which Disney then leased for a small token sum. But just because it isn't criminal or unusual, doesn't make it necessarily right or desirable. It's reasonable for a local government to say Disney should pay for its own parking garage using its own capital.
The difference in this case is Disney is paying for them not the public at large as they are paying about 90% of the taxes in the district in addition to paying 100% of their share of taxes to the counties
 

lazyboy97o

Well-Known Member
Haven’t had a chance to listen yet, but Garcia claiming a problem with impact fees is yet another lie. Impact fees are a single, relatively small, fee paid at the time of development to support various services. They’re a [inefficient] way to get additional funds to expand services without increasing taxes. They don’t go into some collective regional pot but stay within the assessing jurisdiction.
 

WoundedDreamer

Well-Known Member
The difference in this case is Disney is paying for them not the public at large as they are paying about 90% of the taxes in the district in addition to paying 100% of their share of taxes to the counties
Sort of. You're right Disney will end up footing most of the bill through taxes. But by using the RCID to improve its property, it means that Disney technically spent no capital on the project. Any costs associated with the project are hidden in their tax bill. It's basically a really potent way to hide CapEx from investors and also take out debt through low-rate municipal bonds. This is not the intended function of government. Was it legal? Yes. Would I have done it if I were Disney? Of course. But should governments allow firms to hide CapEx and debt in their tax bill? No, absolutely not.

Again, I understand how reasonable people can have different views on this. If you're corporate development maximalist, then you might see this as no big deal. I'm just not a fan.
 

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