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The Golden Gimmick


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#21 status - Reedy Creek

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Posted 21 October 2017 - 03:45 PM

Tax incentives buy much influence. Don't give away the store.


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#22 status - Mouse Capades

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Posted 22 October 2017 - 02:00 PM

The money battle outside the Happiest Place on Earth.
 
Over the last two decades or so, as Disney’s annual profit has soared, the company has secured subsidies, incentives, rebates and protections from future taxes in Anaheim that, in aggregate, would be worth more than $1 billion, according to public policy experts who have reviewed deals between the company and the city.
 
Disney has negotiated these pacts with a carrot-and-stick approach — one that has often included the company’s threat of directing its investment dollars elsewhere. The agreements have spurred development of billion-dollar projects, including the California Adventure theme park and the forthcoming Star Wars: Galaxy’s Edge area at Disneyland.
 
The Burbank company masterfully works the political system, sometimes deploying aggressive strategies that belie its carefully cultivated image. Support for various deals benefiting Disney has come from Anaheim City Council members who have received generous campaign contributions through a byzantine network of political action committees funded by the company.
 
 
 

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