Disney loses against Desantis, Florida will now take back control over Disney fiefdom.....

DeSantis is just grandstanding for his base.

In actuality, there is little he can do that would not force the state into lengthy litigation with a powerful corporation

What will happen is the state will receive an additional seat on the Reedy Creek board and DeSantis will declare victory
See, I had no problem with the Florida legislature reviewing the situation and previous deal with Disney, and/or changing it, or keeping it... or maybe tweaking it, or renegotiating it.....

my problem is with the government doing this right now as an immediate punishment to Disney, for what Disney said, that was constitutionally protected speech to the nth degree!

and the Florida govt also using this punishment as a WARNING to other businesses, to NOT SPEAK OUT against the Florida governor or Florida Govt, because if they do, the government will use their govt power against them!!!!

THAT is what is WRONG WRONG WRONG, with what happened here...and unconstitutional, to boot!
 
See, I had no problem with the Florida legislature reviewing the situation and previous deal with Disney, and/or changing it, or keeping it... or maybe changing it, or renegotiating it.....

my problem is with the government doing this right now as an immediate punishment to Disney, for what Disney said, that was constitutionally protected speech to the nth degree!

and the Florida govt also using this punishment as a WARNING to other businesses, to NOT SPEAK OUT against the Florida governor or Florida Govt, because if they do, the government will use their govt power against them!!!!

THAT is what is WRONG WRONG WRONG, with what happened here...and unconstitutional, to boot!

DeSantis is a Bully
 
Disney paid for the infrastructure.

There's 1 billion in bonds outstanding, and debt service of 50 mill/yr.
Then they better jack up the price of the tickets to get the money they owe to pay off the bonds.

DeSantis said the people of Florida ain't going to pay jackshit.

The best possible scenario is for Disney to go bankrupt and have to sell off their assess and close the damn place down but that is not going to happen.
 
Then they better jack up the price of the tickets to get the money they owe to pay off the bonds.

DeSantis said the people of Florida ain't going to pay jackshit.

The best possible scenario is for Disney to go bankrupt and have to sell off their assess and close the damn place down but that is not going to happen.
Who do you think HAS been paying those bonds?
 
The measure would also prevent Disney from using taxpayer dollars to pay off the district’s outstanding debts and bond obligations.


In 1966, Disney invested in an undeveloped parcel in Orange County FL. Rather than expect the state to invest in infrastructure, Disney assumed the burden, issued bonds and performed continued maintenance and expansion. In return, they were given control over the area.

Now, the state is seizing control of the area without assuming any of the debt or responsibilities

I don’t think it will survive a court challenge
it's disney's property...not the State's...why should the state assume the debt? Sad you want more big Govt bailout for big corps....
 
it's disney's property...not the State's...why should the state assume the debt? Sad you want more big Govt bailout for big corps....
Because the state wants to take control of it
 
If there is another thread on this already please join this one to it...I plugged in Disney and Desantis and didn't get any hit....so...


Ron Desantis shows the way to deal with Woke companies who take sides in support of the democrat party....a party that would gladly destroy them by the way....

A new plan introduced by the state legislature Friday — with the backing of the governor — proposes a special law that would put in place state oversight over Disney’s Reedy Creek Improvement District, effectively ending Disney’s self-rule over its Orlando fiefdom where it has enjoyed numerous special privileges, including tax breaks, for five decades.

The measure would also prevent Disney from using taxpayer dollars to pay off the district’s outstanding debts and bond obligations.

The notice for the plan was posted on Osceola County’s official site, but the legislation would also impact Orange County since Disney operates in both counties.

“The corporate kingdom has come to an end,” DeSantis’ communications director, Taryn Fenske, said in a statement to Breitbart News. “Under the proposed legislation, Disney will no longer control its own government, will live under the same laws as everyone else, will be responsible for their outstanding debts, and will pay their fair share of taxes.”

She added: “Imposing a state-controlled board will also ensure that Orange County cannot use this issue as a pretext to raise taxes on Orange County residents.”

Gov. DeSantis will have the power to appoint members to Reedy Creek’s oversight board if the bill passes, sources told Fox News.
Florida residents will be delighted to pick up the tab.
 
Because the state wants to take control of it
the property on the land is Disney's and they need to pay taxes on it, and pay their debts. The State doesn't want to take their property....this isn't a case of eminent domain. It's simply ending all speical use permits prior to 1968 across the State.
 
Then they better jack up the price of the tickets to get the money they owe to pay off the bonds.

DeSantis said the people of Florida ain't going to pay jackshit.

The best possible scenario is for Disney to go bankrupt and have to sell off their assess and close the damn place down but that is not going to happen.

And DeSantis will lose that fight in court
 
the property on the land is Disney's and they need to pay taxes on it, and pay their debts. The State doesn't want to take their property....this isn't a case of eminent domain. It's simply ending all speical use permits prior to 1968 across the State.
It includes other property in the region that Disney provides services for
Disney is a major taxpayer in the state
 
Did you not read? "The measure would also prevent Disney from using taxpayer dollars to pay off the district’s outstanding debts and bond obligations."

That is why what the state is doing is illegal.
If it goes to trial, DeSantis will lose Big League
 
I live in NJ and remember when the state bent over backwards to accommodate TRUMP Casinos.
It was the State of NJ that provided key infrastructure to support Trumps new Casinos. In return, Trump promised investment in Atlantic City, made wild claims about jobs.
Trump never delivered and his Casinos went bankrupt
Makes no difference.
If this was a Democrat Governor you would be saying it is justified and perfect.
Predictability.
 
It includes other property in the region that Disney provides services for
Disney is a major taxpayer in the state
Cool, and now they'll have to pay their fair share as they tax breaks they'd gotten will expire.
 

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