Florida Senate Passes Bill to Eliminate Disney’s Special Tax District (retire, rates)
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So this is about Disney not paying taxes, never heard that being the reason.
Well, they'll be paying lower taxes with this new law. Disney is going to eliminate $1 billion in debt instantly. That $1 billion in debt will move from Disney's Reedy Creek District to Florida taxpayers.
not exactly...Disney pulled a smoke and mirrors.....Disney negotiated to have full control to build a city of the future....EPCOT.....Experimental Prototype Community of Tomorrow
Disney never developed it into a city.....it became just another theme park
"The creation of the Reedy Creek Improvement District, and the control it gave Disney over 27,000 acres (11,000 hectares) in Florida, was a crucial element in the company’s plans to build near Orlando in the 1960s. Company officials said they needed autonomy to plan a futuristic city along with the theme park. The city never materialized, however; instead, it morphed into the Epcot theme park."
But they did eventually build Centennial and were 50+/- Years from Epcot not becoming a community seems this should have been argued about 4 decades ago. Of course it also took 50 years for a state Governor to use his position to single out a business and destroy what for all practical purposes has been an effective relationship and a good steward of the land under its control.
Glad you've got it figured out and know better than the investors. You should swoop in Monday morning and buy it up.
Sure, I'll manage my investments. What's sad is that you discuss things you are clearly unknowledgeable about as if you know what you're talking about. This is all public information... It's a publicly traded company.
$10,000 in a week? Back in 2014, my family of 6 went to Disney for a week, but mind you we stayed at a Villa, and it set us back $5000.
From 2005 - 2009 (daughter was young) we spent up to 30 days a year at WDW. A 10-day trip would cost us 2600-2800 with dining and we almost always stayed at Pop Century or Movies. A few times, we got great deals on Caribbean Beach Resort or Port Orleans.
I haven't been since 2014, my daughter and her mom go once a year and for 4-7 days and are regularly spending 4-5k for a largely diminished experience.
Disney's parks and experience products account for less than 1/5th of Disney's revenue. Florida, alone, accounts for less than 10%. The drop in stock is sentimental. Their media and entertainment industry holds much more YoY opportunity than their parks did.
as someone who seeks truth, and found the % of revenue generated by "parks and experience", I'd expect you to be honest and also say it accounts for ~60% of profits.
as someone who seeks truth, and found the % of revenue generated by "parks and experience", I'd expect you to be honest and also say it accounts for ~60% of profits.
which is also why "Disney, Inc" isn't selling or spinning off "parks and experiences" to you people's favorite of the day Elon Musk since Disney's market cap is $215B.
Well, they'll be paying lower taxes with this new law. Disney is going to eliminate $1 billion in debt instantly. That $1 billion in debt will move from Disney's Reedy Creek District to Florida taxpayers.
you should get Tim the Enchanter to explain it to you.
Disney is not going to magically lose $160MM in expenses ("taxes" paid to Reedy Creek) or somewhere between $1B and $2B of debt service.
You can live in your little bubble of disinformation, just as there are some on the right who do. But it won't be reality.
But they did eventually build Centennial and were 50+/- Years from Epcot not becoming a community seems this should have been argued about 4 decades ago. Of course it also took 50 years for a state Governor to use his position to single out a business and destroy what for all practical purposes has been an effective relationship and a good steward of the land under its control.
Let me just say that I am shocked to watch liberals suspend reality and support less-regulated "private" entities because "well, they've been good stewards of the land so far".
You have to believe that Chinese investors aka Chinese government are having their ears wide open and could be making calls to Disney. I wouldn't be surprised if they made an offer to Disney for all that land and everything on it. It isn't for sale as far as I know, but you have to wonder. Who wouldn't want an iconic area of American prime real estate. The Chinese have lots of $$ money laying around. Or even Saudi/middle eastern investors might be interested.
So if the 40 sq. miles does get sold to the Chinese or any other foreign investor, I'm curious what they would do to the area? Build malls and malls...or develop more homes/hi-rises?
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