Don't be so sure. Florida is rapidly growing broke and the pols see this as a quick way to raise cash and create jobs. As long as the Florida economy remains in the toilet, you can bet (ha) this has a chance of becoming reality.
I'm not saying I support or oppose. I just think there might be too much money on the table for even Disney to block (Disney, by the way, is aggressively lobbying the same state legislature for a law that would give it a big tax break for expanding WWoS).
this is the truth...
even disney is not going to stop a casino if the state wants them...and i'm sure they want them.
Especially in the Convention Center/I-Drive/Sea World/Universal/ Outlet General Vacinity...
State governments have no revenue after the real estate and subsequent corporate revenue/ tax crisis...and the rug has been pulled out from under many after the expiration of the federal stimulus.
Dollars will trump disney...which is ironic since those two forces are usually on the same team.
Florida needs money and the taxes on gambling are easy money. Many other states have or are going this route.
I'll use my home state of PA as an example: they struggled for years after the end of largescale american industrial manufacturing and declining population/ tax base for almost 40 years...they passed slot parlors in 2006 or 2007...and the state placed locations in a geographic sprawl pattern to try to maximize revenues....
The casinos stink...but they opened and were an immediate hit. Drawing heavy volume off Atlantic City to the East and legalized slots and parlors in West Virginia to the West...
So a year or so down the line, they legalize all table games to make more money...again..a hit.
It's simple...they create tax revenue out of thin air...and its absolute. The taxes are flat on every penny spent....on revenue, not profit, its guaranteed.
So now a collapsed albatross of an industrial state now can get casino bucks...and frack...which is a separate more diabolical issue. But its a great big bandaid for pee poor states.
And florida, 75% of all money from travel, is right there too. They should never have gambled with real estate...as the effects are more devasting on a place that has no real business, government, or social basis. Everything was built for travel bucks and retirement demands from the WWII generation...by and large...and gambling is a very easy way to combat some of the problem.
Its gonna happen...and they will put them where they have A READY SUPPLY OF PEOPLE WITH CASH LOOKING FOR LEISURE
can you think of a spot or two?
I can
