I suppose you live in Florida so you do know WFTV is one of the most radical, liberal, crazy news outlets in the state. They have a history of throwing out scare tactics to anything a Republican does in this state.
This will not cost a extra dime to any Florida resident. Taxes are not going up. Universal Studios in Orlando does not have these special privileges. How do they make it and flourish as a tourist attraction.
The bottom line is you are concerned because Florida called Disney out as a peddler and promoter of child grooming, transgenderism of K-3 kids and declared war on our state. These false narratives you post from a left wing news outlet, WFTV are just words blowing in the wind. No one is paying attention to their garbage down here except the far left loonies.
Mamas and daddies pushed for this and they won. Oh did you know CRT is banned in Florida? That should have you yelling and screaming in the streets of Tallahassee.
The left better understand. Keep pushing your junk on the people of this state and more hammers will fall on your head. This man does not play games or run and hide. He acts
Sure it will. Even the local taxing authorities in Orange County have said it will.
The reason Universal did not set one up is it was not needed. Universal is very small compared to Disney. 840 acres for Universal vs 25,000 acres for Disney. Universal was fine with the county providing all the services needed. Water, sewer, roads, fire protection etc. Because the design, procurement, installation and maintenance could be provided on their time line for the development. And the county/provider had the staff, engineers, resources and financial capability to provide such services in a timely manner to suit Universals development plan. But that too has a plus and minus. In the past couple of years a new road was proposed to connect an undeveloped portion of the Universal property to the existing Park. While Universal was willing to pay part of the costs, the county and state will also kick in. The county and county taxpayers would pay up to 125 million and the state will pay a development grant of 16 million for the road.
From the Orlando Business Journal on the Tax:
“Orange County Tax Collector Scott Randolph told
Orlando Business Journal an increase in property taxes may need to happen to make up a $163 million annual debt/operations payments that Reedy Creek handles through Disney payments. Terminate Reedy Creek and that bill gets handed to Orange County, which may have to tap into property taxes to make the difference from No. 1 Orange County property tax payer, Walt Disney World.
The county collects over $600 million in general revenue from property taxes, but to take on another $163 million would take a 20% tax increase," he said, noting the increase would be to the general county tax portion, not the entire tax bill. The county would be able to charge Disney for services such as waste collection or utilities, but it's doubtful that would raise enough to cover the total new costs — not to mention the logistical nightmare created, he added.
"You practically dissolved the city of Orlando in 48 hours. That's how big Reedy Creek is."
“A bump in property taxes would be painful for all property owners in the county, but it would be an especially tough pill to swallow for some of the largest property tax payers.
According to Orange County's 2021 Annual Comprehensive Financial Report, the top property taxpayers in the county are Walt Disney World, Universal Orlando Resort, Hilton and Marriott, among others.
County officials were unable to provide an exact amount of property tax paid by companies like Universal Orlando due to the number of parcels those companies own. In addition, executives with the top companies were not available for comment.
However, the Orange County Property Appraiser's site show more than $5.35 million in property taxes were paid last year to the county for just the 108-acre Universal Studios Florida property last year — $1.286 million of which was general county taxes. A 20% increase to that portion could result in an additional $257,000 in taxes for just that piece of Universal property, raising the amount it must pay to $1.54 million.
Another major local property tax payer is Westgate Resorts.
David Siegel, founder of Westgate Resorts, didn't comment on how a property tax increase would affect him, but said he saw fault on both sides of the debate.
"Disney should stay out of politics and the state should honor the deal they made 50 years ago," he told
Orlando Business Journal. "When you make a deal with a company 50 or five years ago, you should honor the deal you make."