Florida Real Estate, Tourism and Immigration News

This event is the event for Florida Realtors and was attended this year by three representatives from the British Homes Group.

The expo had representatives from all aspects of the regional Real Estate industry, including lenders, title companies and home warranty businesses. – and one guy in a a monkey suit!

The expo was a success and is still on going through saturday. There are many diverse seminars on topics such as market updates as well as web marketing – along with Blogging! – In fact the provider of the British Homes Group Blog www.realestateblogsites.com had a speaker at one of the seminars.

The show was attended by many of FAR’s members and is being held at Buena Vista Palace Hotel & Spa in Lake Buena Vista, Florida.

Reedy Creek improvement District is a local Government that covers around 25,000 acres and is a city in itself, it covers most of Walt Disney world and some of the associated businesses and properties surrounding it. The entity is chaired by Disney and has an oprating budget of $52 million, they have told the Orange County Property Appriaser that it will not be enacting the property tax cuts as it would wipe $1.2 million from that budget.

The Reedy Creek Improvement District runs an ambulance service amongst other things such as building inspections amongst other services for Disney. With 67,000 cast members working for Walt Disney World the district needs to run itself like a city!

Other cities have voted to skip the tax cut proposals but Reedy Creek doesn’t stand to cause much of a problem by doing so as the Board of Supervisors which controls the Government of Reedy Creek is made up of 5 seats and Disney pays 90% of the property tax collected and as the largest landowner gets to say who sits on the board! This quirk of local politics is most interesting.

N.B For the uninitiated, Reedy Creek was re-named to what is now known as Lake Buena Vista.