Reply to DeSantis and FL moving to hammer Disney

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This should make everyone afraid, regardless of party affiliation. A company disagrees with a politician on a [insert description here] issue and within weeks has a 50+ year deal revoked. That doesn't scare the crap out of you people???
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So now you are ok with big companies getting tax breaks? Everyone was all for taxing them before. Which is it? Companies need to pay their fair share, or the breaks are good?[/quote]

Just stop it with the "tax breaks".  There are no tax breaks.  Disney pays more taxes to the state of Florida than any other entity in the state.  They are biggest tax revenue for the state, bigger than any other part of the huge tourism industry.

And even if they were getting tax breaks, the law that was just past has nothing to do with taxes.  It is about the creation and dissolution of special districts.  In this case, a special district was created for the Walt Disney World land unit essentially setting it up like a local township or county.  There are no tax breaks involved.  Reedy Creek Improvement District allows Disney to manage the properties like a town, they have their own internal security (instead of police), they have fire and emergency services, they run a health clinic which is like a large Urgent Care facility and the medical services are administered by AdventHealth which is the group that maintains many of the hospitals in the greater Orlando region.  They handle traffic, roadways, infrastructure,  public transit, trash, utilities including water and sewage.   Disney covers all of that without taxing any of the county residents or the <100 residents of the RDIC (Lake Buena Vista and Bay Lake communities).

Now, if RDIC is dissolved, the two counties, Orange and Osceola will then become responsible for providing all of those services to WDW.  The counties are going to have to create a tax structure to tax the corporation for services, then they are going to have to create the infrastructure to start providing all of those services or take over the management of the facilities that WDW already owns and maintains.  If they take over the existing facilities, they are going to have to come up with contracts to cover renting and leasing the facilities.  And they are going to have to start providing services to the company immediately.   Additionally, they are going to have the create the bureaucracy to administer and manage all of the above and permitting, inspection, review of all existing and future construction.

It's been estimated that it will cost about $2200-2800 per county resident in the two counties to cover the costs of assuming all of that infrastructure.  Even if they start to tax WDW for the services, with the renting and leasing of Disney facilities, it is still going to cost the residents of the county a lot of money to provide all of the services.  They will be lucky if they can create a tax structure that will halve the increased costs to the county residences for Disney.  And they are going to need to create all of that and get things in place by summer 2023 (about 15-16 months) before the new law takes effect.  These two counties are going to be destroyed and county residents are going to have to put up with a complete breakdown of county services as the country tries to get things under control in time.

As I posted above, this is not going to happen.  Disney will be able to get legal injunctions to stop the enforcement of the new law.  But if you think this is in any way good for the state, state residents, counties or county residents, you just don't have any idea what just happened.  The only ones who will reap any gain from this are politicians who have fleeced their constituents into thinking this was good.  Financially this is horrible for the state.[/quote]

Why would Disney block this? Is it bad for Disney?[/quote]

Yes.  Disney makes decisions on how to handle all of the administration from a purely business/profit standpoint.  They provide all those services and they do so at far higher standards that the local counties and state require.  This way they give a better experience and continue to keep their standards high.  If the administration reverted back to the counties, the counties would do things to cost rather than to the higher standards.  The counties already cannot afford to provide services and would not be able to maintain the standards that Disney maintains.  Quality would go way down and Disney would have a problem maintaining the experience that has made them the go-to vacation destination in the nation.  Additionally, as a special district they can do things to a timetable that they set themselves.  If control reverts back to the county, you would add huge layers of bureaucratic red tape to any type of development and infrastructure.  Think of it this way.  When Disney decides to make renovations to the parks or build new facilities, they get to set the timetable.  If you want to add an addition to your house, how much control do you and your contractors have on the timetable?  In most construction, the biggest limitations on time are applications, permits, inspections, etc.  All government red tape designed to document everything that goes on.  Right?  Add those costs in and Disney deciding to open a new park or hotel or renovate features and suddenly instead of 2-5 years, it will be 8-10 years to get things done.  It would be horrible for their business model if services were dropped to the most costly solutions and if they were forced to have to abide by local bureaucracy to get everything done.  And they can't just throw money at a problem.  Now, if things aren't moving fast enough, throw money at the problem and resolve issues right away and get back on schedule.  Add in government bureaucracy and you're suddenly slowed to a snail's pace and everything is out of your hands and control.

The combination of loss of higher standards and worse, the time added for bureaucratic red tape would be horrific for Disney.[/quote]

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