Smart business or taking advantage? The Orlando Sentinel reports Reedy Creek, Disney’s “personal” government, will construct the $85 million parking garages being added as a part of Downtown Disney’s makeover to Disney Springs. The arrangement will allow Disney to save money while costing Florida and federal taxpayers by enabling the garages to be financed with tax-free bonds. In addition, as a government agency, Reedy Creek will not have to pay taxes on materials. Disney says the garages are an important part of a broader transportation overhaul for the expansion that will ease traffic in the area. They also note the Florida legislature, in creating Reedy Creek, specifically allows them to create infrastructure pieces including parking garages.
