Disneyland could be about to get bigger


The city council in Anaheim, Calif., doesn’t just control zoning laws and approve a city budget. As the hometown of Disneyland, it also has power over Disney’s [fortune-stock symbol=”DIS”] bottom line.

On Tuesday, the Anaheim city council will convene to discuss the extension of a tax break for the entertainment company, which Disney has enjoyed for almost 20 years.

According to the current deal, Disney would be reimbursed if Anaheim ever levied an entertainment tax on the company (no such tax is currently in place). In exchange, Disney would continue to invest in and expand its entertainment park in the city, where it is the largest employer and property taxpayer.

In requesting an extension of the tax exemption at Tuesday’s meeting, Disney committed to investing an addition $1 billion over thirty years in capital improvements, such as traffic relief infrastructure, a parking structure, and other investments to increase the…

View original post 23 more words


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s