Disney blocks Ron DeSantis’ Florida power play with a royal family clause

[Thebestoftherest]

Hey what is the old law exactly, and can someone tell it in layman terms?

[clearspira]

Hey what is the old law exactly, and can someone tell it in layman terms?

I'll copy and paste some paragraphs. To me, this sounds like some real dodgy bullshit from Disney and the only reason anyone could agree with this is if they have been blinded by hate for DeSantis:

On Feb. 8, the day before the Florida House voted to put DeSantis in charge, the previous Disney-allied board signed a long-lasting development agreement that drastically limits the control that can be exercised over the company and its district.

As part of a 30-year development agreement, Disney no longer needs board approval to build high-density projects or buildings of any height and can sell or assign development rights. It also bans the board from using Disney’s name or any of its characters.
The agreement includes a royal clause that dates back to 1692 in Britain and would extend its term limit for decades.

This “Declaration shall continue in effect until 21 years after the death of the last survivor of the descendants of King Charles III, King of England, living as of the date of this declaration,” the document said. This kind of clause is most often used in the U.K., typically when it comes to trusts, and provides a buffer against perpetuities.

“So, as long as one of those grandchildren makes it 80, this clause would be there for 100 years,” explained Robert Lord, senior advisor on tax policy at progressive group Patriotic Millionaires.

“This essentially makes Disney the government,” Ron Peri, one of the new board members appointed to the CFTOD by DeSantis, said at the Feb. 27 meeting. “This board loses, for practical purposes, the majority of its ability to do anything beyond maintain the roads and maintain basic infrastructure.”

[BridgeConsoleMasher]

Hey what is the old law exactly, and can someone tell it in layman terms?

I'll copy and paste some paragraphs. To me, this sounds like some real dodgy bullshit from Disney and the only reason anyone could agree with this is if they have been blinded by hate for DeSantis:

On Feb. 8, the day before the Florida House voted to put DeSantis in charge, the previous Disney-allied board signed a long-lasting development agreement that drastically limits the control that can be exercised over the company and its district.

As part of a 30-year development agreement, Disney no longer needs board approval to build high-density projects or buildings of any height and can sell or assign development rights. It also bans the board from using Disney’s name or any of its characters.
The agreement includes a royal clause that dates back to 1692 in Britain and would extend its term limit for decades.

This “Declaration shall continue in effect until 21 years after the death of the last survivor of the descendants of King Charles III, King of England, living as of the date of this declaration,” the document said. This kind of clause is most often used in the U.K., typically when it comes to trusts, and provides a buffer against perpetuities.

“So, as long as one of those grandchildren makes it 80, this clause would be there for 100 years,” explained Robert Lord, senior advisor on tax policy at progressive group Patriotic Millionaires.

“This essentially makes Disney the government,” Ron Peri, one of the new board members appointed to the CFTOD by DeSantis, said at the Feb. 27 meeting. “This board loses, for practical purposes, the majority of its ability to do anything beyond maintain the roads and maintain basic infrastructure.”

One thing I’m not sure about… Do you care about the issue on a legal basis, or are you just rooting for desantis because he is anti woke?

[clearspira]

Hey what is the old law exactly, and can someone tell it in layman terms?

I'll copy and paste some paragraphs. To me, this sounds like some real dodgy bullshit from Disney and the only reason anyone could agree with this is if they have been blinded by hate for DeSantis:

On Feb. 8, the day before the Florida House voted to put DeSantis in charge, the previous Disney-allied board signed a long-lasting development agreement that drastically limits the control that can be exercised over the company and its district.

As part of a 30-year development agreement, Disney no longer needs board approval to build high-density projects or buildings of any height and can sell or assign development rights. It also bans the board from using Disney’s name or any of its characters.
The agreement includes a royal clause that dates back to 1692 in Britain and would extend its term limit for decades.

This “Declaration shall continue in effect until 21 years after the death of the last survivor of the descendants of King Charles III, King of England, living as of the date of this declaration,” the document said. This kind of clause is most often used in the U.K., typically when it comes to trusts, and provides a buffer against perpetuities.

“So, as long as one of those grandchildren makes it 80, this clause would be there for 100 years,” explained Robert Lord, senior advisor on tax policy at progressive group Patriotic Millionaires.

“This essentially makes Disney the government,” Ron Peri, one of the new board members appointed to the CFTOD by DeSantis, said at the Feb. 27 meeting. “This board loses, for practical purposes, the majority of its ability to do anything beyond maintain the roads and maintain basic infrastructure.”

One thing I’m not sure about… Do you care about the issue on a legal basis, or are you just rooting for desantis because he is anti woke?

Good question. My hate for Disney outweighs any feelings I have for DeSantis.

[BridgeConsoleMasher]

Makes sense.

[BBally81]

Seriously, screw them both.

Both Disney and DeSantis can suck it for all I care.

[McAvoy]

And we still use your measurements no less.

Different versions of them in some cases... (a US gallon isn't the same as an imperial one).

Never could get my head around most metric units, always have to mentally do a rough conversion from metres to feet to get any actual idea of it for example (beyond the order of magnitude level). And although they keep trying to push things more metric here I've yet to find anyone quote their car's fuel economy in anything other than miles per gallon. Come to think of it electric car ranges are always quoted in miles. And of course even those who want everything in tens seem quite happy about sixty seconds in a minute, twenty-four hours in a day, seven days in a week, and a varying number of days in a month.

The only exception is temperature, I've got no feel for Farenheit whatsoever.

Same. I always multiply meters by three, since yard nearly equals meter. And, yeah, Celsous is just WAY more intuitive.

That's weird. Fahrenheit actually goes by tens. Almost metric for human comfort. Like 40 degrees is cold, but not too cold. 60 is comfortable but definitely jacket wearing temperature for many. 70 is human comfort level. 100 is hot as hell and anything beyond that is just extra torture.

Yeah, but the freezing point of water is 32F while boiling is 212F. In metric it's 0C and 100C. 20C is about 68F, for further reference.

Like I said metric for Humans. 100 Celsius is beyond human comfort levels while 0 Celsium is very much within a human's safe temperature level. There is 100 degrees between 0 F and 100 F with each ten degrees being noticeable and even within that ten degrees a few degrees can also be felt.

And for future reference I am fully aware of the temperature conversions from Celsium and Fahrenheit.

But if I was born and raised with Celsius instead of Fahrenheit, then I would think in terms of celsius.

[hammerofglass]

I'm kinda curious what Rupert Murdoch thinks of this. He's working hard to prop up DeSantis and provides the stage for his grandstanding, but he's also a major Disney stockholder and would stand to lose billions if DeSantis actually won.

[McAvoy]

I'm kinda curious what Rupert Murdoch thinks of this. He's working hard to prop up DeSantis and provides the stage for his grandstanding, but he's also a major Disney stockholder and would stand to lose billions if DeSantis actually won.

Him being successful in what he does probably means that he just shifts his attention over back to Trump but still playing the DeSantis angle until the time comes for his companies to take sides.

Or maybe he just doesn't like Trump at all and rather go with DeSantis and keep the Trump stuff at the bare minimum

[hammerofglass]

I doubt DeSantis is actually going to do anything legally, his whole plan falls apart if he has take it in front of a real not-Trump-apointed judge. The Restrictive Covenant is a lot more legally defensible than the unconstitutional-on-it's-face power grab that DeSantis used to put his own people on the committee.