On 3/26/2021 1:07 AM, Patty Winter wrote:
All still very tentative, but current sentiments in Anaheim could be favorable, given that the city is reeling from the loss of revenues
for the past year. Disney isn't acquiring any new land, just angling
for rezoning so they can combine entertainment and hotels in the
same footprint. IOW, mixed-use, which is the "in" thing in zoning
these days.
https://disneylandforward.com/
I think a lot of cities will be scrambling to change zoning requirements
and loosen regulations so that existing businesses will expand and new
ones will come.
I feel certain that most city leaders realize what is quickly coming
from an economic standpoint. Many companies that transitioned to WFH
because of COVID discovered that it works and will continue it even
after they are allowed to reopen. This will result in a glut of
commercial office property which translates into huge tax losses for
cities. Many commercial real estate companies will bankrupt, and that's
more of a loss. And factor in that about 1/3 of all small business were permanently shuttered due to our reaction to COVID and you are going to
see a lot of municipal bankruptcies. Anytime a large company like DIS
wants to invest, the cities should jump on it.
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