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A comment on The Contractual Impossibility of Unwinding Disney’s Reedy Creek. Parent comment

Re:The Contractual Impossibility of Unwinding Disney’s Reedy... by mikeryan on Friday April 29, 2022 @02:52PM (#31209213)
Disney built a world class destination in the middle of, what is basically, a swamp. They built all the necessary infrastructure and paid for it by taxing themselves. In a lot of ways it put Orlando on the map and provided a huge boost to the surrounding economy.

I'm not sure who was getting screwed there? It honestly seems like it was a win/win situation.

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Re:The Contractual Impossibility of Unwinding Disney’s Reedy... by leereeves on Friday April 29, 2022 @02:57PM (#31209279)
> I'm not sure who was getting screwed there?

Here's one: normally corporate bond payments are federally taxable, but municipal bonds aren't. Everyone in the country is missing out on taxes on payments on that 2 billion dollar debt.

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Re:The Contractual Impossibility of Unwinding Disney’s Reedy... by mikeryan on Friday April 29, 2022 @03:13PM (#31209484)
Yeah but that’s a chicken and egg problem. Those bonds wouldn’t exist without the current exemption.
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