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Star Wars – $1Billion Theme Park in California

Star Wars - $1Billion Theme Park in California

While there are many small towns and municipalities struggling to find new revenue sources, the new $1 billon dollar theme park that will feature Star Wars movies and attractions in Anaheim that will attract new hotel and tax revenues.

Note that the Disney strength in Anaheim is reflected as it employs over 50 percent of the people working in that town. So it seems that Star Wars will be the savior of this town and it will clearly, as a revenue generator be a winner for the 63-year old theme park. 

Star Wars: Galaxy’s Edge will make the park expansion into the largest theme park on the planet. But the Disney team has been at odds with the government of Anaheim, as it recently canceled a project. Last year, the contentious relationship came under more strain as a massive project was moved elsewhere and it cost the city millions in tax dollars. 

The 14 acre expansion will add to the tax base of the city, which has about $330 million in its annual budget. Disney has 30,000 employees which makes it the biggest employer in Orange County. Twenty-four million tourists will pass through Anaheim next year, thus making it one of the more affluent towns in California – jobs are abundant, taxes are paid. 

Anaheim has earmarked $1 billion in discounts for over a 10 year period but after pulling out of some of these discounts, Disney pulled the plug on a luxury hotel. This is when the problems started. 

This Star Wars project is a game changer and will support the city for decades to come but what about the rest of California? 

Team Classiarius 

 

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