Disney scraps plans for new Florida campus, mass employee relocation amid DeSantis feud

We don’t want to be California…ever.

 

I don't know how much it has to do with this discussion, but during the time of the late Robert Byrd, the joke was that over half of West Virginia was employed by the federal government, as he moved just about every potential Federal function he could to West Virginia. Arguably, the state is even more dependent than most western states on federal spending.

Edited to add: Here's an LA times piece I found from 1992 on the efforts of the late Senator Byrd to move federal agencies or parts of them to West Virginia

Master of the Game : Sen. Byrd's Deals to Move Jobs to West Virginia Outrage Colleagues

 

I think your reasoning here is misplaced, solely because in this exact instance, I didn’t hear a single peep out of anyone — left, right or in the middle — complaining about the $500 million tax incentives at issue here.

And, adding further, nobody complained about potential investment when DeSantis used Covid to recruit every company in the World to Florida during Covid.

 

But you are a liberal and you guys are attracted to big blue cities like a moth to street light.

 

As there are far more problems about which they can complain on social media.

 

Hopefully you were only a senior once

 

Here is the fatal flaw in your logic, Iger was weighing the costs of this investment a long time ago. Add that to the stock cratering 50% in a year, losing subscribers left and right and laying off 11k people and it's a totally different economic environment for Disney than in March of 2021 when this was announced. Would this have been good for FL? Most likely yes. Is it a killer? No. I didn't like that DeSantis went after Disney but this seems like Disney using DeSantis as a scapegoat for their decision.

 

You mean like when you and others say Florida is terribly run yet it had one of the largest inflows of population in the country over the last 3 years?

 

He's trailing Trump in his own state and probably every other state.

 

Seems relevant to the "cities are hellholes with swarthy people" discussion

The flight from urban areas that took place during the first year of the pandemic either reversed or slowed in its second year, as last year metropolitan areas in Texas and Florida boomed and declines in New York and Los Angeles were halved, according to new estimates from the U.S. Census Bureau.

During the first full year of the pandemic in 2021, more than half of the 20 largest U.S. metro areas lost residents, and all U.S. metro areas grew by just 0.1%, as fear of the virus sent residents fleeing the most densely populated urban areas and the popularity of remote work allowed people to live far from their workplaces.

By comparison, only eight of the 20 largest metro areas decreased in 2022, and the growth rate for all U.S. metros was 0.4%. Among the largest U.S. metros that had gains in 2022 after experiencing losses in 2021 were Washington, Miami-Fort Lauderdale, Seattle, Minneapolis and San Diego, according to 2022 population estimates released Thursday by the Census Bureau.

The Dallas-Fort Worth area grew the most among U.S. metros, jumping by six-digit figures for a second consecutive year, as it gained another 170,000 residents last year. Metro Dallas-Fort Worth’s 7.9 million residents made it the nation’s fourth-largest metropolitan area, behind only New York, Los Angeles and Chicago, all of which lost population last year but with much smaller losses compared to the first year of the pandemic.



US metros reverse 2021 drops, populations grow

 

Mine had KC and the Ohio Players, love rollercoaster baby!

 

A business expert like yourself would understand that Construction costs are capitalized, and canceling a planned capital project actually doesn’t flow immediately through to “cost savings” the same way layoffs or cancelled film products do. A building structure to a huge corp like Disney is only an expense as it’s depreciated over the course of many years.

Additionally, if they already moved some employees to FL and are paying to relocate back to CA those are increases to labor expense line, not “cost cuts”. They probably have to pay higher avg salaries in CA top to attract talent, due to higher cost of living. All other things being equal, having the same 2000 people work in FL should be a cost savings compared to keeping them in CA once you get past that one time relocation. Everything about having them in CA would be more expensive to the corporate bottom line. Which was probably their impetus for locating this facility in FL in the first place. Disney Land is pretty well landlocked, and any expansion in CA is going to be on much more pricey real estate with much pricier employees.

 

So much hate snd stereotyping in that. A gatling gun of wrong stuff.

Anyone - everyone- should oppose offshoring of jobs if it hurts american workers.

Trump promised Midwest factory workers that he would stop companies like Schneider Electric SE (SCHN.PA) from moving jobs out of the country.

Declaring U.S. ‘Open for Business,’ Trump Warns Tax Penalty for Offshoring

 

It is interesting that they only like to brag about people moving somewhere when it fits their narrative. People moving to Florida in record numbers = great and shows Desantis is the shit. Blue cities and states with already booming populations and that are the hub of educational progress and industry = bad.

 

Disagree. workers are also consumers. Lower prices make all workers real wages higher. Further, almost w/o fail, protectionism helps very specific workers in the short run, but the protected industries become less & less competitive over time, they reduce employment or go out of bidness all together. thwarting the mkt is almost never a good long run move


“The curious task of economics is to demonstrate to men how little they really know about what they imagine the can design.”
― F. A. Hayek

 

Senior once, but dated a senior when I was a junior so I went to grad night twice.

 

Your response doesn't even make sense.

 

Their support of new large manufacturing has stolen some projects from north FL if I remember correctly, too.

 

Everything I said was correct.

In 1990 100% of Republicans were free traders. Even big guv Reagan loving Republicans would laugh at the MAGA commies using “globalist” as some sort of disparaging remark. Liberals of the time would sometimes call for political protectionism (unions), or would voice concerns about “displaced workers” but at the end of the day even liberals would buy their Made in China Nike’s. Republicans of the time didn’t even voice those concerns, I recall the primary argument being we were shifting from a manufacturing economy to a service based economy. Effectively that displaced factory workers needed to pull themselves up by the bootstraps and find a new service job.

Ultimately if you believe in free market capitalism, it is your prerogative to buy the products you prefer. That is up to YOU as an individual participant in a free market. Sound to me you don’t believe in free market capitalism. Because if you think govt should micromanage a supply chain, that ain’t it. Outside of very selective national security stuff or cases of illegal dumping, it isn’t the govts role to force domestic production of any particular good.

 

That’s correct. Until recently Floridas initiatives were overweighted to tourism $. Still is, but they will at least talk now. Alabama has done a fantastic job with this for 20 years