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Disney Asks City of Anaheim to Drop Theme-Park Incentives

  • Controversial deals allowed for $267 million in hotel breaks
  • Move could allow Disneyland to avoid $18 minimum wage
Walt Disney Co.'s Disneyland amusement park in Anaheim, California.

Photographer: George Frey/Bloomberg

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In a surprise move, Walt Disney Co. asked the city of Anaheim, California -- home of its Disneyland theme park -- to let it out of two tax agreements that would have given the company hundreds of millions of dollars in subsidies.

The incentives had created an “adversarial climate” in the city, Disneyland Resort President Josh D’Amaro wrote in a letter to the mayor and city council, requesting that they be dropped.