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Disney STRIKES BACK and says Florida is responsible for its $2B bond debt after Gov. DeSantis stripped it of 55-year-old special status

jaypatriot said:
Tell us Canuck,
You got a dog in this fight? Did you grow up watching the "Mickey Mouse Show" and hate to see a strong Conservative U.S. governor have his way with the Magic Kingdom?
DeSantis is a politician with strong ambitions. He is flexing muscles trying to look good to the entire Right side of this country. Along with Independents who are looking for strong presidential leadership.

Why does that offend you? Are you so moralistic you can't appreciate nasty politics - regardless if everything is done legally?
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Callen has said she has a residence in FL, so she may be affected.
 
911Sparky said:
Callen has said she has a residence in FL, so she may be affected.
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I would be mildly curious to find out if anything DeSantis does to deal with Disney has anything to do with people who own homes in FL.
The two scenarios do not seem related to each other at all.

My big interest is in seeing Progressives who want to pull the country further Left get smacked down by politicians like DeSantis who pass laws for the sole purpose of making sure Progressives are restrained from propagating their agenda in any state in the union.
We are a center-Right society and I want those purple and blue states to have a tough time keep those states not red. Of course, you need states with a strong Republican legislation.
My state, and the entire West Coast, is hopelessly Liberal.
But those Left Coast states are not going to turn the tide in GOP's favor this November or in 2024.
 
jaypatriot said:
I would be mildly curious to find out if anything DeSantis does to deal with Disney has anything to do with people who own homes in FL.
The two scenarios do not seem related to each other at all.
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My opinion, DeSantis is using Disney to fire up the base for his election, and if he is re-elected he will quietly repeal the Reedy Creek legislation and all will
go back to normal.
 
jaypatriot said:
My big interest is in seeing Progressives who want to pull the country further Left get smacked down by politicians like DeSantis who pass laws for the sole purpose of making sure Progressives are restrained from propagating their agenda in any state in the union.
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My big interest is watching Florida and Disney kneecap each other.

They're both bad for America.
 
911Sparky said:
My opinion, DeSantis is using Disney to fire up the base for his election, and if he is re-elected he will quietly repeal the Reedy Creek legislation and all will
go back to normal.
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I disagree.

DeSantis is using Disney to fire up the base for his election. And if re-elected he will immediately begin his run for President in 2024. He will attempt to keep the base fired up about Disney for at least two years knowing that Disney is going to get an injunction and tie this up in court for years. That way he keeps it as a Presidential Campaign talking point until after the 2024 election and if he wins...

Oh well, he will not be the Governor of Florida anymore and he hands a shit sandwich over to someone else to swallow.

WW
 
WorldWatcher said:
I disagree.

DeSantis is using Disney to fire up the base for his election. And if re-elected he will immediately begin his run for President in 2024. He will attempt to keep the base fired up about Disney for at least two years knowing that Disney is going to get an injunction and tie this up in court for years. That way he keeps it as a Presidential Campaign talking point until after the 2024 election and if he wins...

Oh well, he will not be the Governor of Florida anymore and he hands a shit sandwich over to someone else to swallow.

WW
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You could be right, but DeSantis doesn't need Disney for a presidential run, the other 49 states don't care about his fight with Disney.
 
Hamish Howl said:
My big interest is watching Florida and Disney kneecap each other.

They're both bad for America.
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I disagree.
Disney and WDW has been good for Florida and for the US.

Here is a Vanity Fair article :

Ron DeSantis Claims to Have Special Knowledge of Walt Disney’s Thinking, Despite the Fact That The Guy Died 10 Years Before the Florida Governor Was Born:

A snip from the article:

Incidentally, a Reuters/Ipsos poll revealed Friday that “a bipartisan majority of U.S. voters oppose politicians punishing companies over their stances on social issues.” Sadly, we don't know what Mr. Walt Disney would have had to say about all this, though neither does the Florida governor, because he was born more than 10 years after the guy died.


Read in Vanity Fair: https://apple.news/A64-Gz1SpROS6dhvepgPJcg
 
Jason Warfield said:
If DeSantis is successful in forcing Disney to pay those two bonds....

You are saying that DeSantis and the Florida GOP have embraced socialism. True socialism is the economic theory where the government can tell citizens and corporations how to pay out and spend their profits. What DeSantis and the Florida GOP are proposing is literally a socialist program.

By allowing DeSantis and the Florida state government to renege on a debt and cast it back onto the corporation despite a prior public contract, you will see it applied to other businesses in other states. Without meaning to, DeSantis will have pushed actual socialism further along than anyone else has in the history of the US.

Congratulations, you've become socialists!!!!!

But that will be unlikely and stands a very good chance of being slapped down in court as the government is punishing a corporation for using its right to free speech. Which, in the Constitution, is a not a thing.
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The bonds have to be paid, likely not by Disney, but holy crap you have no idea what socialism is.
 
911Sparky said:
My opinion, DeSantis is using Disney to fire up the base for his election, and if he is re-elected he will quietly repeal the Reedy Creek legislation and all will
go back to normal.
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I think it will all go back normal to regardless , and much sooner , than a primary run for DeSantis.

Apparently, De Santis and the Florida Legislature reaction was not legal.

From the following article:

https://lawandcrime.com/high-profil...g-district-says-reedy-creek-in-new-statement/

Further adding to the stability of RCID’s bonds is a pledge the state of Florida made within the 1967 statute that created the district and granted RCID its powers, including issuing bonds. As Schumer wrote:

In authorizing Reedy Creek to issue bonds, the Florida legislature included a remarkable statement—included in Reedy Creek’s bond offerings—regarding its own promise to bondholders: “The State of Florida pledges to the holders of any bonds issued under this Act that it will not limit or alter the rights of the District to own, acquire, construct, reconstruct, improve, maintain, operate or furnish the projects or to levy and collect the taxes, assessments, rentals, rates, fees, tolls, fares and other charges provided for herein … until all such bonds together with interest thereon, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged.”
…In case it was not obvious, dissolving Reedy Creek “limited” and “altered” its ability to improve and maintain its project and collect its various charges and taxes, and thus Florida would be violating its pledge to bondholders by dissolving Reedy Creek. However, even without that explicit language, the bill dissolving Reedy Creek would have problems under contracts clauses of the Florida and U.S. constitutions.
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Schumer highlights the well-established case law on this issue, going as far back as a 1866 U.S. Supreme Court case, Von Hoffman v. City of Quincy, which “held that once a local government issues a bond based on an authorized taxing power, the state is contract-bound and cannot eliminate the taxing power supporting the bond.” There is “even greater protection” within the Florida Constitution blocking the state from breaching its contractual obligations to maintain the authorization for RCID’s existence.


.
 
Luce said:
Yes, this is one of those times where you see a fight and hope everyone involved gets hurt.
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From :

Read in Yahoo Finance: https://stocks.apple.com/AxYb-t9yqRveVcVXeJAX0qA



Florida needs Disney'


Consequently, due to the many uncertainties surrounding the bill, some experts say the dissolution might not even happen.


"I don't think it's very likely — frankly, the consequences are too dire," Foglesong surmised.


Still, the bill was signed into law by Governor DeSantis last month and, barring any major backpedaling on the part of lawmakers, will go into effect in June 2023. Disney could also sue Florida for retaliation in an attempt to thwart the legislation, although experts say it is more likely that the media giant will enter into negotiations to alter the terms of the district.


"Florida needs Disney — it's a huge revenue producer and has changed everything around [Orlando,]" George stated bluntly, saying the battle has turned into a question of "who needs who more."
 
BlueTex said:
Corporations enjoy the same first amendment rights as people.
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Really? When was the last time a corporation was jailed for any type of free speech violation?
 
Luce said:
Being jailed isn't a requirement for free speech to have been violated.
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No, but it is one possible outcome. Any examples of corporations being fined for libel or slander?
 
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