Extension of tax exemption could mean another $1 billion Disneyland expansion


Disney officials are asking the Anaheim City Council to extend a long-time exemption on an entertainment tax for an additional 30 years past the current June 30, 2016 expiration.  In exchange, Disney is considering another $1 billion Disneyland Resort expansion that may include new attractions, another parking structure east of Harbor Boulevard and street improvements to the surrounding area. Michael Colglazier, president of the Disneyland Resort adds, "We are asking city leaders to continue with a policy set two decades ago that has driven unprecedented job creation, growth, and prosperity, and enabled the city to invest in vital services that benefit every Anaheim resident." Anaheim City Councilwoman Kris Murray supports the proposal saying, "History has shown us that a $1 billion investment by Disney will create thousands of new jobs in Anaheim, and millions in new revenue for our neighborhoods...." A public hearing to discuss the extension will be held on July 7th. Disney officials have not indicated what attractions would be added or which park would receive the attractions, but has said that there is no plan for a third park at this time.  Construction would begin in 2017 and completed by 2024. In 2012, the Disneyland Resort celebrated the grand reopening of Disney California Adventure after its $1 billion-plus expansion. CarsLand Source: Orange County Register