>>114610937if it doesn't then the entire US economy is fucked, because if Disney with vast cash reserves and assets it can borrow against can't survive, then nothing can survive
more to the point for Florida, Disney is a huge employer in the state (Cali too, but Cali has other large employers and lots of small, "agile" high-income businesses of the type Laffer, the President's new m8, seems to think will survive any recession)
if Disney goes under it'll be the empty, disease-liable parks that close first; Florida doesn't collect property taxes at state level, but that loss of property tax revenue will cripple local government around the park; the loss of wages - even furloughed workers have jobs to theoretically go back to - will kill incomes for businesses across the state as well, because those people will simply stop spending at a time when local businesses need them to bring money in, and the loss of sales tax from shit sold in the park is already going to have left a big hole in Florida's finances this year
since Florida's state constitution forbids income taxes, it's pretty much fucked if Disney goes down, because all the other parks will be fucked too, which makes sales tax a very small fraction of what it was last fiscal year, and that's before the additional costs of dealing with covid outbreaks are dealt with; Florida isn't going to introduce income tax or estate tax on its large elderly population just to cover its losses
Federal government isn't going to bail out Florida indefinitely and I think we all know which large decrepit estate will receive Federal money preferentially until at least next January, and it ain't the rats' nest
