Colorado courting disney

[Snow96]

@Dem

Also, why Disney, and not the other 1800+ special districts?

I’m guessing in the way the others are set up. How many of the 1800 are exclusevly for and run by a private entity?
One article I read said it was stripping disney and about a dozen others

[FloridaYankee]

@Snow96

@conan

It would cost about 3 billion to build what Disney opened with back in 71. That’s not counting hundreds of million or even billion dollars on improvements, expansion and upgrades.

Then you have to train and develop work force.

Not all expenses will be transferable to a public entity like a county or city.
For example – roads. If they are plated public roads where the county should already have juristiction, those would be turned over. If it’s private drives from a main road to a hotel or attraction, a case could be made, those are legitimate business expenses and Disney will continue to pay for those.
Debt on a hotel? Disney. Debt on Rides and attractions? Disney.
If Disney built a fire station and equipment that they owe money on, those would turn over to the county/city as would the debt.
Going to be a long legal mess to sort out what debit will go and what debit will remain with disney.
Best way to go would be to set up a service district in that area that is NOT controled by Disney. Here if it’s a service district (roads, water, sewer), the county commission appoints the majority of the board, They hold open meetings in accordance with open meeting laws, and then they also have to get approval on some things from the County commission/City Council. Any private enterprise (home, business) has an assesment based on property value that funds the service district.

There could never be so much as a minuscule pothole in the road, no county government in the entire country is capable of that lol. Fuggedabout it, this whole thing is a show that will magically end after the election.

[Dem]

@Snow96

@Dem

Also, why Disney, and not the other 1800+ special districts?

I’m guessing in the way the others are set up. How many of the 1800 are exclusevly for and run by a private entity?
One article I read said it was stripping disney and about a dozen others

If I’m understanding them right. All of them are run by private entities, though not all of them are corporations.

I believe Reedy Creek is one of the big ones, along with the Villages.

The reason why it’s Disney, and 5 others, is because they wrote the law specifically to target special districts created before Nov 5 1968.

Their target was Disney, and not special restricts. This is retaliation, simply because Disney spoke out.

[JayJay]

I really think people don’t realize how these special districts work, and how they help Florida be an attractive place to come and live.

Sigh…

[Dem]

@JayJay

I really think people don’t realize how these special districts work, and how they help Florida be an attractive place to come and live.

Sigh…

To be fair. It’s not something I expect non locals to know about. Not something I expect most Floridians to know about except for those who live by Disney.

[Paul_Thomson]

@Dem

They’ll just blame Biden for when their taxes go up.

And Xiden wiĺl blame Putin.

[Paul_Thomson]

@JayJay

I really think people don’t realize how these special districts work, and how they help Florida be an attractive place to come and live.

Sigh…

I don’t think you realise how freedom makes a place attractive to live.

[JayJay]

Non sequitur.

[zantax]

@tnt

@zantax

You don’t get control at fifteen percent, not even close.

Didn’t say you did.

I said you don’t need to own all the shares to achieve control.

And 15% might be enough if you have aligned shareholders.

To take a company private, you need to own 100%.

To control a company you need theoretically 51%, but really, you can do it with less if you have like minded shareholders on your side.

You need the votes to install your preferred chairman.

And how is it in the shareholders best interests to dilute the stock to prevent it?

[tnt]

Dunno. Just pointing out there is a huge diffence in capital requires between taking control of a company and buying all the shares.

[JayJay]

Poison pills are rarely executed because their main purpose is to push the raider from outright raiding to negotiations, and 99% of the time, it works.

In fact, the usual pattern has been that the raider goes away with a payoff, the board cleans up its act…and shareholders benefit far more in the long run than if they went after short term profits. The “quick buck” is usually not the best. In fact, many shareholders of Twitter, even before the poison pill was enacted, scoffed at Musk’s offer…they said he wasn’t offering enough of a premium.

Hostile takeovers rarely result in companies performing better.

And Twitter has added a “flip in” portion to their plan in an attempt to prevent dilution of other shareholders.

[tnt]

It’s funny to watch conservatives slobber over a guy making electric cars with a company that took a 465 million dollar loan from the federal government and about 1.2b in subsidies from Nevada.

[biggestal99]

@JayJay

And their services to the residents of the Reedy Creek area…they can take those and shove them too!

I’m sure the residents of Osceola and Orange Counties are dying to take on extra tax burdens if it means Desantis can slay the Woke Dragons on his way to the 2024 nomination!

The woke avenger.

Allan

[zantax]

@tnt

It’s funny to watch conservatives slobber over a guy making electric cars with a company that took a 465 million dollar loan from the federal government and about 1.2b in subsidies from Nevada.

Again, more than amply repaid with an order of magnitude reduction in space payload costs with another order of magnitude reduction on the way. It isn’t far off to say, he gave us the stars.

[JayJay]

@zantax

@tnt

It’s funny to watch conservatives slobber over a guy making electric cars with a company that took a 465 million dollar loan from the federal government and about 1.2b in subsidies from Nevada.

Again, more than amply repaid with an order of magnitude reduction in space payload costs with another order of magnitude reduction on the way. It isn’t far off to say, he gave us the stars.

I wouldn’t go that far, but he is more than just an empty talking suit.

And he definitely has made it cheaper to get things to near earth orbit.

Tesla still mostly survives on subsidies. It’s got a lot of gadgets. Tesla is definitely a gadget maker’s idea of a car. It has the EV tech down pat…the actual design of the car itself sucks balls.

Musk is an EV tech guy learning how to make cars. Other car companies have the opposite problem…they are car companies learning how to make EV tech.

[zantax]

His cars are impractical overpriced status symbols. Not sure what any of this has to do with whether or not the board is harming shareholders here.

[JayJay]

@zantax

His cars are impractical overpriced status symbols. Not sure what any of this has to do with whether or not the board is harming shareholders here.

I addressed that in another post.

The key thing for me is if you think Elon Musk is going to be a bastion of free speech or radically transform Twitter, you haven’t paid attention to Elon Musk.

[zantax]

@JayJay

@zantax

His cars are impractical overpriced status symbols. Not sure what any of this has to do with whether or not the board is harming shareholders here.

I addressed that in another post.

The firm they retained to help them fend off the takeover listed their stock as sell at 30 before Musks bid.

[tnt]

…thanks to government support.

The little sold sea that could.

I believe the govt loan was in 2010.

Who was president then?

[zantax]

@tnt

…thanks to government support.

The little sold sea that could.

I believe the govt loan was in 2010.

Who was president then?

So you were against EV subsidies? I mean I am but I wouldn’t think you would be.