A new study by the Cal State Fullerton’s Woods Center for Economic Analysis and Forecasting confirmed the Disneyland Resort’s standing as Orange County’s economic powerhouse. According the the study, Disneyland generated $8.5 billion in economic activity for the Southern California economy – a huge increase from $3.5 billion in 2005.
That’s a 50% increase since 2013.
The Resort is also responsible for 78,000 jobs – three-quarters of which are in Orange County – up from 72,000 jobs in 2013. Disneyland’s job growth rate is twice the SoCal average.
The Resort also generated a staggering $510 million in state and local tax revenue. Nearly $162 million went into the City of Anaheim’s coffers, account for almost half its general fund. So much for the myth pushed by Councilman Jose F. Moreno and other critics that the Resort is exempt from paying taxes.
Adding fuel to this fire of economic growth is the opening this summer of Star Wars: Galaxy’s edge, which is the single largest expansion of Disneyland since the park’s opening. 6,700 construction workers and artisans were employed in the development of the popular new land, and 1,6000 new cast member jobs were created for its ongoing operation. Devotion to the Star Wars universe spans generations, and Galaxy’s Edge is certain to be a huge draw for the park for years to come. On January 17, 2020, Galaxy’s Edge’s marquee attraction – Star Wars: Rise of the Resistance – opens.
Back in 2016, Disney pledged to invest more than $2 billion over 10 years into the Anaheim Resort as part of an agreement with the city to extend the de facto ticket tax moratorium for 45 years. Disney has carried out that commitment, even after deciding to withdraw from the gate tax moratorium agreement last year.
Some of the results of this investment commitment to Anaheim include:
- 7,500 new parking spaces already opened on the east and west sides of the Resort.
- The 2020 opening of the Avengers Campus in Disney California Adventure.
- The 2022 opening of Mickey & Minnie’s Runaway Railway, which will be the first major Mickey Mouse-themed ride attraction in Disneyland.