2,600 new jobs, $1B paid in taxes over 40 years, Disney doubles down on commitment to OC
Much of the attention Disney has received in the media recently focused on a perceived notion that they do not pay their fair share in Anaheim. This is CLEARLY not the case, with improvements coming next year to Disneyland in the form of Star Wars: Galaxy’s Edge, a new four diamond hotel, and parking and congestion improvement projects in the works, Disney has shown a commitment to the long term success of Anaheim and Orange County. Here are some quick facts highlighting the financial and visitor experience impacts of these projects: Disney’s new 4 diamond hotel will revitalize the west end of Downtown Disney and create 1,500 union jobs during construction and 1,100 permanent jobs during operation; The new hotel will produce $25 million in Transient Occupancy Taxes (TOT) in its first 25 years and more than $1 Billion in TOT over 40 years; Currently one third of all TOT taxes collected in Anaheim come from Disney hotels in the resort district; Star Wars: Galaxy’s Edge represents a significant investment in the Anaheim park that will continue to make it a premier destination; The new parking and transportation plan will significantly improve traffic flow and provide a better guest experience. To learn more about the many economic impacts of Disneyland on Orange County, CLICK HERE. For more information, contact Jocelin Jimenez, Director of Economic Development.