Disney says Reedy Creek Improvement District cannot be dissolved until the state pays off it's debt

[Zincwarrior]

Anyone with a Ukrainian flag is so stupid that I would expect them to OP a thread like this.

Quiet Russobot. Look at the clock. Every minute another Russian is dying and another family curses your paymaster Putin.

 

[JimH52]

Quiet Russobot. Look at the clock. Every minute another Russian is dying and another family curses your paymaster Putin.

Pootin will continue posturing and threatening, but the truth is...HE HAS FAILED. He started out trying to take the entire country of Ukraine. He came down on Kyiv with vengeance but soon realized he would fail. He gave up that venture and said he would concentrate on east Ukraine. He admitted, in that recalculation, that he had failed and was content in setting his sites lower.

So he is now pounding the eastern portion of the country...and Ukraine is beginning to hit sites inside Russia. Pootin is an idiot....NOT A "GENIUS" as TFG claimed. He has ruined his countries economy and it's place in the world. He will NEVER win the Ukrainian people over. Rather, he has galvanized the entire country against his criminal undertakings. He has ruined the lives of millions. He is obviously dumber than even TFG.

 

[JimH52]

Randy Fine: Reedy Creek dissolution bill is what happens when you ‘kick the bees’ nest’

'Punishing a company for daring to speak against a Governor's radical right political agenda.'

floridapolitics.com

Randy Fine is not the sharpest tool in the shed.

Opinion | DeSantis aims at Disney and hits Florida's taxpayers

Aspiring culture warriors soon learn that government cannot engineer sweeping changes into existence.

www.msnbc.com

Poor Ronnie. Bad aim can be hazardous to your career.

 

[skews13]

We have our first Disney acknowledgement of the Florida Republican plan to strip Walt Disney World's special tax status as retaliation for the company expressing objections to Florida's new and dystopian anti-LGBT law, and the company doesn't sound too worried about any of it. As reported by the The Miami Herald, Disney reported to its investors that since Florida state law prohibits dissolving the Reedy Creek Improvement District unless the all the outstanding bonds debts in district are paid off, and since the law Florida Gov. Ron DeSantis pressed for doesn't do that, the erasure of the district can't happen.

So, Disney has told its investors, it will be "continuing its present operations" while it waits to see how the state government digs themselves out of that rather large hole. The general message is that they ain't worried and investors shouldn't be worried either. Since Disney has a vault of lawyers bigger and deeper than Scrooge McDuck's own money pits, they're going to be pretty confident about this one.


Outside analysts all appear confident as well; while there might be long-term downsides for Disney in losing its current level of control over the infrastructure surrounding Walt Disney World, where Disney builds and runs everything from the local fire department to the sewer systems, in the short term, Disney would make out very well if DeSantis and crew follow through with the threat.

Florida Republicans would have to agree to pay off the over $1 billion in current bonds; Disney would get out of about $160 million per year by transferring those services to Orange County. The Herald notes that Orange County's current yearly budget is about $600 million per year, which means county taxpayers would be seeing steep new taxes to pay for the Republican stunt. Permanent steep taxes. Forever.

Florida Republicans botched their retaliatory anti-Disney law, and Disney isn't too worried

We have our first Disney acknowledgement of the Florida Republican plan to strip Walt Disney World's special tax status as retaliation for the company expressing objections to Florida's new and dystopian anti-LGBT law, and the company doesn't sound too...

m.dailykos.com

Tax and spend Republicans. This isn’t going to look good in the campaign ads you guys.

 

[surada]

We have our first Disney acknowledgement of the Florida Republican plan to strip Walt Disney World's special tax status as retaliation for the company expressing objections to Florida's new and dystopian anti-LGBT law, and the company doesn't sound too worried about any of it. As reported by the The Miami Herald, Disney reported to its investors that since Florida state law prohibits dissolving the Reedy Creek Improvement District unless the all the outstanding bonds debts in district are paid off, and since the law Florida Gov. Ron DeSantis pressed for doesn't do that, the erasure of the district can't happen.

So, Disney has told its investors, it will be "continuing its present operations" while it waits to see how the state government digs themselves out of that rather large hole. The general message is that they ain't worried and investors shouldn't be worried either. Since Disney has a vault of lawyers bigger and deeper than Scrooge McDuck's own money pits, they're going to be pretty confident about this one.


Outside analysts all appear confident as well; while there might be long-term downsides for Disney in losing its current level of control over the infrastructure surrounding Walt Disney World, where Disney builds and runs everything from the local fire department to the sewer systems, in the short term, Disney would make out very well if DeSantis and crew follow through with the threat.

Florida Republicans would have to agree to pay off the over $1 billion in current bonds; Disney would get out of about $160 million per year by transferring those services to Orange County. The Herald notes that Orange County's current yearly budget is about $600 million per year, which means county taxpayers would be seeing steep new taxes to pay for the Republican stunt. Permanent steep taxes. Forever.

Florida Republicans botched their retaliatory anti-Disney law, and Disney isn't too worried

We have our first Disney acknowledgement of the Florida Republican plan to strip Walt Disney World's special tax status as retaliation for the company expressing objections to Florida's new and dystopian anti-LGBT law, and the company doesn't sound too...

m.dailykos.com

Tax and spend Republicans. This isn’t going to look good in the campaign ads you guys.

Why didn't Desantis know this before he went after revenge against Disney?

 

[22lcidw]

Why didn't Desantis know this before he went after revenge against Disney?

But now the people know about Disney.

 

[skews13]

Why didn't Desantis know this before he went after revenge against Disney?

He did. It’s the noise that keeps the base of mental midgets excited. In the end he loses, but he will just say he convinced Disney to do what he wanted. You can sell a MAGAt anything.

 

[skews13]

But now the people know about Disney.

The people support Disney.

MAGAts aren’t people. They’re MAGAts.

Theres a difference.

 

[GMCGeneral]

The people support Disney.

MAGAts aren’t people. They’re MAGAts.

Theres a difference.

You mean the sexual deviants, pedophiles, Sodomites are real people? Please! they are demon infested scumbags.

 

[22lcidw]

The people support Disney.

MAGAts aren’t people. They’re MAGAts.

Theres a difference.

There are those no-good people living close enough to Disney who would point rifles out of their vehicles while driving by and even on it and shoot up their property if they wanted to. This was coming to a head for a long time and there are corrupted and/or inept governments and law enforcement concerns around it also of different political ways. Power corrupts and people suffer. And payback has not even started yet.

 

[Harry Dresden]

He did. It’s the noise that keeps the base of mental midgets excited. In the end he loses, but he will just say he convinced Disney to do what he wanted. You can sell a MAGAt anything.

apparently you can sell you anything too....

 

[Turtlesoup]

We have our first Disney acknowledgement of the Florida Republican plan to strip Walt Disney World's special tax status as retaliation for the company expressing objections to Florida's new and dystopian anti-LGBT law, and the company doesn't sound too worried about any of it. As reported by the The Miami Herald, Disney reported to its investors that since Florida state law prohibits dissolving the Reedy Creek Improvement District unless the all the outstanding bonds debts in district are paid off, and since the law Florida Gov. Ron DeSantis pressed for doesn't do that, the erasure of the district can't happen.

So, Disney has told its investors, it will be "continuing its present operations" while it waits to see how the state government digs themselves out of that rather large hole. The general message is that they ain't worried and investors shouldn't be worried either. Since Disney has a vault of lawyers bigger and deeper than Scrooge McDuck's own money pits, they're going to be pretty confident about this one.


Outside analysts all appear confident as well; while there might be long-term downsides for Disney in losing its current level of control over the infrastructure surrounding Walt Disney World, where Disney builds and runs everything from the local fire department to the sewer systems, in the short term, Disney would make out very well if DeSantis and crew follow through with the threat.

Florida Republicans would have to agree to pay off the over $1 billion in current bonds; Disney would get out of about $160 million per year by transferring those services to Orange County. The Herald notes that Orange County's current yearly budget is about $600 million per year, which means county taxpayers would be seeing steep new taxes to pay for the Republican stunt. Permanent steep taxes. Forever.

Florida Republicans botched their retaliatory anti-Disney law, and Disney isn't too worried

We have our first Disney acknowledgement of the Florida Republican plan to strip Walt Disney World's special tax status as retaliation for the company expressing objections to Florida's new and dystopian anti-LGBT law, and the company doesn't sound too...

m.dailykos.com

Tax and spend Republicans. This isn’t going to look good in the campaign ads you guys.

Disney doesn't look scared----funny, but woke loud mouth abigail disney doesnt seem to be making the rounds anymore.

 

[Oddball]

Why didn't Desantis know this before he went after revenge against Disney?

Maybe he does know it and the hack-a-rama at daily Kooks are telling lies of omission, to make it look like he didn't.

Judging by their track record, and that of the shameless douchebag spammer OP, that's a more likely explanation.

 

[YoursTruly]

Disney is worth billions. And have the money to withstand some bad publicity for a while. And granted, there are still a lot of people who don't pay close enough attention to politics, that'll still spend their money with Disney. So they'll be fine.
So it all depends on how much money they're willing to lose with their woke agenda.

Time will tell.

 

[Oddball]

Disney is worth billions. And have the money to withstand some bad publicity for a while. And granted, there are still a lot of people who don't pay close enough attention to politics, that'll still spend their money with Disney. So they'll be fine.
So it all depends on how much money they're willing to lose with their woke agenda.

Time will tell.

They pay attention when there are homos dry humping on benches at Disneyland, during "pride" week.

 

[DigitalDrifter]

Already multiple threads on this.

 

[struth]

So Disney is challenging the new law....is anyone surprised by this? Like they weren't going to challenge it?

The Courts will decide...not Disney.

 

[surada]

You mean the sexual deviants, pedophiles, Sodomites are real people? Please! they are demon infested scumbags.

Shame on you.

 

[whitehall]

How in the world can a state be prevented from withdrawing "special status" to a corporation? Hypocrite lefties whine about corporate power in the hands of a few unelected oligarchs and then they defend Disney.

 

[Juicin]

Do you understand what a binding agreement is? Just because Disney said they disagreed with the "don't say Gay law"...Little trump got in undies in a bunch. As I have said before, you don't mess with Mickey Mouse. It could be very painful for Florida's tax payers.

But it does mean they can move the liability around.

They don't have 100% control, they have enough to do whatever the fuck they want

Which is why they have the "could"

They have no fucking idea what would happen. THe people who control it are the ones who dissolved the district. Not that complex