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"Anaheim has made a number of seemingly inexplicable decisions that offered millions in direct subsidy to Disney: for example, the city spent $108.2m to build D
by turc1656 9y ago
"Anaheim has made a number of seemingly inexplicable decisions that offered millions in direct subsidy to Disney: for example, the city spent $108.2m to build Disneyland's new parking garage (where visitors pay between $20 and $35/day to park), and charges the company $1/year to lease it. The garage was financed with bonds that will pay out $1.1B in interest, and when they are paid off, the company will own the garage."
Wow. That's infuriating. The people of Anaheim should be irate. A total of $1.2 billion essentially donated to Disney over however many years those bonds are for. I wonder if anyone violated any laws to make that deal happen...