It’s cliché to use sports metaphors to describe results in business and politics, but what Disneyland accomplished this month really looks like a home run when compared with one of California’s iconic sports teams.
With Disneyland Forward, Disney did not look for a taxpayer handout or subsidy the way that the A’s did in Oakland and eventually Las Vegas. Nor did Disney follow what has become the playbook for so many other major American businesses. When it became clear that Disney’s plans would require infrastructure changes, the company did not ask the city to issue bonds but instead stepped up to offer $45 million for street and sewer improvements itself. The company also will pay nearly $40 million to take over Magic Way and entry ways into two current Disneyland parking lots.That’s not how a lot of businesses operate these days. The Wall Street playbook seems to say to do the minimum necessary to secure the result you want.
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