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Tax District

All articles tagged with #tax district

local-news1 year ago

Council Approves Tax District for New MLS Stadium

The Indianapolis City-County Council approved a special taxing district to fund a new downtown soccer stadium, aiming to attract a Major League Soccer team. The decision, passed 16-8, has sparked controversy as the Indy Eleven are already building a stadium at a different site. Mayor Hogsett supports the new location due to financial and logistical concerns, while opponents argue there is no official MLS stance against the original site. The plan still requires state approval.

via FOX 59 Indianapolis|
#indianapolis#indy-eleven#local-news
business1 year ago

"Disney and DeSantis Reach Settlement in Florida Special District Lawsuit"

The Walt Disney Company and Florida Governor Ron DeSantis have settled a two-year dispute over control of a special tax district that includes Walt Disney World in Orlando. The settlement allows Disney to continue investing in the resort, ending a legal battle that began when DeSantis took over the tax district in response to Disney's criticism of a Florida education law. As part of the settlement, Disney agreed to pause its federal lawsuit against DeSantis but not drop it entirely.

via The New York Times|
#business#disney#florida
legal-business1 year ago

Disney's Lawsuit Against Florida Gov. DeSantis Dismissed

A federal judge in Tallahassee dismissed a lawsuit filed by Disney against Florida Gov. Ron DeSantis over the dismantling of the company's special taxing district, ruling that Disney lacks standing to sue and that the law in question is constitutional. The lawsuit stemmed from DeSantis's push to dissolve the Reedy Creek board managing Walt Disney World, with Disney alleging it was targeted after opposing the "don't say gay" bill. DeSantis's office celebrated the decision, while Disney vowed to press forward with the case, arguing that the ruling sets a dangerous precedent for the rule of law.

via The Washington Post|
#disney#first-amendment#lawsuit
business1 year ago

Federal Judge Dismisses Disney's Lawsuit Against DeSantis Over Special Tax District

A federal judge dismissed a lawsuit filed by the Walt Disney Company against Florida Governor Ron DeSantis, claiming that he violated its First Amendment rights by taking over a special tax district governing Walt Disney World. The judge ruled that the law giving DeSantis control of the tax district did not allow Disney to claim retaliation, as it affected multiple landowners, and Disney plans to appeal the ruling. The dispute arose after DeSantis took over the tax district following Disney's criticism of a Florida education law, and the company signed contracts worth $17 billion before the takeover.

via The New York Times|
#business#disney#first-amendment
business2 years ago

Disney's Tax District Scandal: DeSantis vs. Corporate Fiefdom

Disney's special improvement district in Florida, previously known as the Reedy Creek Improvement District, has been accused by the Central Florida Tourism Oversight Board of taking payoffs and not fulfilling promises to build hospitals, affordable housing, and other public amenities. The report claims that Disney had "unchecked" power within the district, even having the authority to construct a nuclear power plant. The report also criticizes Disney's efforts to limit public oversight, comparing the setup to an "absolute monarchy." Governor Ron DeSantis signed a law dissolving the district's former board and installing a new one, with the report alleging that the previous board and district employees took gifts from Disney "akin to bribes." Tensions between Disney and the governor escalated after the company condemned a law banning classroom instruction on sexual orientation and gender identity. Disney called the report "neither objective nor credible," stating that it was an attempt to punish the company for exercising its right to free speech.

via Fox Business|
#allegations#business#disney
business2 years ago

Disney CEO Bob Iger Takes on Florida Governor Ron DeSantis Over Business Retaliation

Disney CEO Bob Iger accused Florida Governor Ron DeSantis of retaliating against the company over its opposition to the state's "Don't Say Gay" law. The dispute has led to lawsuits and countersuits over Disney's special Reedy Creek tax district. Iger argued that Disney is the largest taxpayer in Central Florida, paying over $1.1 billion in state and local taxes last year alone. He also noted that other venues enjoy the same tax district status. Despite the legal battle, Disney plans to invest over $17 billion in Disney World over the next decade, creating around 13,000 jobs and generating more taxes for Florida.

via New York Post |
#business#disney#free-speech
business2 years ago

DeSantis faces backlash over Disney feud lawsuit.

The board of supervisors appointed by Florida Governor Ron DeSantis to oversee Walt Disney World's operations has voted unanimously to sue Disney in response to the company's recent federal lawsuit alleging a campaign of political retaliation by the governor. The panel challenged the company's long-standing self-governing status when it replaced a Disney-backed board weeks earlier. Disney sued DeSantis last Wednesday and the oversight panel in U.S. district court in Tallahassee, Florida.

via CNBC|
#business#disney#governance
sports2 years ago

The A's Controversial Move to Las Vegas and Public Funding Debate.

The Oakland Athletics are seeking up to $500 million in public money to build a new stadium in Las Vegas. The money would be generated by a special tax district around the planned ballpark site, located at Tropicana Avenue and Dean Martin Drive. The tax district, which would be created only if the A’s end up constructing the $1.5 billion, 30,000- to 35,000-seat stadium, would generate taxes including sales, property, live entertainment and modified business levies.

via Las Vegas Review-Journal|
#las-vegas#oakland-athletics#public-funding
business2 years ago

DeSantis and Disney Clash Over Development Deal.

A board appointed by Florida Governor Ron DeSantis to oversee government services at Disney World has asked lawyers to prepare a resolution to "void" a recent development agreement and restrictive covenants that give Disney vast control over expansion at the resort complex for decades to come. The board also vowed to increase taxes on Disney to help pay for a legal battle, fired planning board officials and appointed themselves to replace them, and began to explore the possibility of building low-income housing on land abutting the resort. The tax district has been a crucial tool for Disney in developing the resort, which includes four theme parks, two water parks, and 18 Disney-owned hotels.

via The New York Times|
#business#development-agreement#disney
politics2 years ago

Disney accused of making "backroom" development deal with DeSantis board.

Lawyers for a board handpicked by Florida Governor Ron DeSantis accused Disney of making a "backroom deal" to retain development rights for one of its theme parks located in a special tax district. The board is expected to declare the previous development agreement with Disney "null and void" on April 26. The conflict began after Disney criticized DeSantis over his "Don't Say Gay" bill, which banned the discussion of gender identity and sexual orientation in public schools before fourth grade.

via New York Post |
#development-deal#disney#florida
business2 years ago

DeSantis' Disney Feud Escalates with Punitive Measures and Prison Plans.

Florida Governor Ron DeSantis has announced new legislation that would override Disney's recent effort to sidestep state oversight of its theme parks. He also suggested potential punitive actions against Disney, including reappraising the value of Walt Disney World for property tax levies and developing land near the entrances to the resort. DeSantis and Disney have been sparring for more than a year over a tax district that encompasses Disney World, and the governor has been criticized for using the feud to boost his political ambitions.

via The New York Times|
#business#disney#florida
business2 years ago

Bob Iger Offers Solution to End Feud with Ron DeSantis.

Disney CEO Bob Iger has suggested that Florida Governor Ron DeSantis could end their feud by sitting down and discussing their disagreements. Iger said he would be happy to meet with DeSantis to resolve the ongoing tussle over Disney's land in Florida. DeSantis has been at odds with Disney since the company pushed back against his "Don't Say Gay" law in March 2022. The governor stripped Disney World of its self-governing power in February and moved to install his allies on the board governing the special district. However, Disney's lawyers found a loophole in their agreement with the Florida board, allowing the company to maintain power over the district until the death of the last living descendant of King Charles III.

via Yahoo News|
#business#disney#florida
business2 years ago

Disney's Reedy Creek Board Strips DeSantis's Power

Disney has been granted sweeping powers in a special tax district in Florida, including control over zoning, density, building heights, and development rights, as well as the corporation’s existing power to sign off on exterior changes to other properties. The previous Disney-aligned board of supervisors had granted the company these powers, which are in effect until 21 years after the death of the last survivor of the descendants of King Charles III, King of England. The new board, installed by Governor Ron DeSantis, plans to challenge this move by Disney.

via Curbed|
#business#control#disney
business2 years ago

The Power Struggle between DeSantis and Disney's Board Explained.

Disney has quietly signed an agreement with the former Reedy Creek Development board, stripping the board of power and handing it back to Disney, blocking Florida Governor Ron DeSantis's move to strip the company of its control over a special taxing district. The agreement is binding and will continue until 21 years after the death of the last survivor of the descendants of King Charles III. DeSantis's office thinks it might be able to strike down the covenant based on legality alone, but the board could be left to pursue a legal challenge, which could still take months to sort out in the courts.

via NPR|
#business#disney#legal-challenge