Disney wins tax break extension in Anaheim, bring on the $1 billion improvements

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Earlier last month we reported that Disney was seeking a tax break from the city of Anaheim, in exchange Disney would invest $1+ billion into its California resort.

The City Council voted 3-2 early Wednesday morning to grant Disney the extension to be excused on any future admissions tax the park may have to pay.

This means that Disney will now invest a reported $1+ billion into its California resort.

The City Council agreed on the tax break extension due to the huge economic impact Disneyland has on the local Anaheim economy. Disneyland is the largest employer in Anaheim with a total of 28,000 local jobs.

Disney has said ground breaking on the new improvements will begin by the end of 2017 and will finish by 2024.  These new expansions will create 2,600 local jobs and 2,100 permanent jobs once completed.

Disney has not yet announced what these expansion plans include other than a 5,000 space parking complex.

What would you like to see Disneyland add with this new $1 billion expansion plan?

Let us know on Facebook and Twitter!

via Reuters




Author Description

Clint

Clint

Clint Gamache started Thrillgeek back in 2013 to share his love of theme parks, pop culture and other geeky stuff with the world. He can be found on Twitter @cgamache83