Disney Gets $267 Million to Build Anaheim Luxury Hotel

Bloomberg: Disney will receive an estimated $267 million in tax rebates over 20 years from Anaheim, California to build a new luxury hotel next to its Disneyland theme park. The City Council voted three to one to approve the deal, which will return 70 percent of the lodging tax generated by the hotel to Disney as an incentive for the company to go forward with the project.