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Okay Karen.
just asking questions. Don’t see why that merits an insult.
Of course you wouldn't.
And neither would anyone with at least half a brain.
Which half do you have left?
Certainly more than you.
According to the 2021 Annual Report for the Reedy Creek district - https://www.rcid.org/document/2021-rcid-annual-financial-report/ - the district had total liabilities relating to "governmental activities" of $897,711,050, which is pretty close to $1B, and total liabilities relating to "business-related activities" of $229,617,766.It seems to me that those debts have to follow the assets, and end up on the county's balance sheet at the end of the day; certainly the government-related debts.
"Democrats in the Florida House of Representatives can be heard yelling & shrieking after lawmakers voted to remove Disney’s special tax status—a privilege it held for 55 years. Disney employs 38 lobbyists in Tallahassee & donates generously to politicians." (Video)https://mobile.twitter.com/MrAndyNgo/status/1517203394699702272
From what I have heard, a lot of that debt is in the form of private bonds issued by Disney. If so, then as bonds issued by a private entity (the Disney corporation), I believe Disney remains on the hook for paying off those bonds. But I am not an expert.
I have possibly more interesting questions. Universal Studios and Nickelodeon have theme parks in very close proximity. Were they included in the Reedy Creek zone?Does this mean they were effectively governed by their largest competitor, maybe even paying them taxes? Is this anywhere close to being legal?