• About Us
  • Contact Us
  • Home
  • Write for us
Today Headline
No Result
View All Result
  • breaking news today
    • Politics news
    • Sports
    • Science News
  • Entertainment News
  • Technology News
    • Automotive
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
  • breaking news today
    • Politics news
    • Sports
    • Science News
  • Entertainment News
  • Technology News
    • Automotive
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
No Result
View All Result
TodayHeadline
No Result
View All Result

Walt Disney World’s latest attraction may appeal to its own workers: Affordable housing

April 10, 2022
in Parenting
0
Walt Disney World’s latest attraction may appeal to its own workers: Affordable housing


Living near the House of Mouse can cost you an arm and a leg. And now Disney
DIS,

is taking a page out of Silicon Valley’s book to address the problem.

Walt Disney World is setting aside roughly 80 acres on its property for a new affordable-housing development. The resort expects that the development will include more than 1,300 housing units, and it will be constructed by a third-party developer.

The housing will be made available to “qualifying applicants” in the Central Florida region, Disney said in the press release, including Walt Disney World employees, also known as cast members.

“The lack of affordable housing is affecting many people across our country, including right here in Central Florida,” Jeff Vahle, president of Walt Disney World Resort, said in the announcement.

Disney’s affordable-housing plans follow similar efforts made by its primary rival, Universal Parks & Resorts. Comcast-owned
CMCSA,
+0.57%
Universal has teamed up with a local developer to build 1,000 rent-controlled apartments in Orlando, and released details of the plan at the end of March.

Read more: Apple, Facebook, Google and Amazon are putting billions of dollars toward affordable housing — but that money may be too little, too late

Rent prices have risen 26% in Orlando since the COVID-19 pandemic began in March 2020, according to a March report from real-estate website Apartment List. That puts Orlando among the top 10 cities nationwide for rent growth, behind places like Phoenix, Las Vegas, and Miami.

Over the past six months alone, rents have increased 6% in Orlando — the third-fastest rate of growth in the country over that time span.

The high cost of housing in Central Florida has represented a major headache for Disney’s theme-park workforce, especially in the wake of the COVID-19 crisis. Many Walt Disney World employees were laid off or furloughed as the theme parks remained closed for months. Disney subsequently struggled to rehire many of those workers and began to offer incentives such as hiring bonuses to attract applicants. In October, Disney raised the minimum wage for its Florida workers to an hourly rate of $15.

“We’re proud of the bar we set to raise the minimum wage to $15 an hour by 2021, which is among the highest in the country for entry-level employees in the service industry,” a Disney spokeswoman told the Orlando Sentinel in 2019, when the company announced its $15 an hour wage. Employee benefits include health insurance, an on-site health clinic, and discounted groceries sold at an on-site store, the Sentinel reported.

But even before COVID struck, many theme-park workers struggled to afford housing near their jobs when earning that rate. Some Disney employees have experienced homelessness, and some are forced to reside in nearby motels or sleep in their cars due to the lack of affordable housing in the area. The Coalition for Homeless of Central Florida has estimated that the region is in need of some 25,000 homes.

In that sense, Disney and Universal are following the lead of other industries that have grappled with the adverse impact of rising housing costs. In recent years, multiple companies in Silicon Valley, such as Apple
AAPL,
-1.19%,
Google parent Alphabet
GOOGL,
-1.91%
and Facebook parent Meta
FB,
-0.28%,
have created funds or set aside land to promote affordable housing in the California region.

Tags: AffordableAppealAttractionDisneyhousinglatestWaltworkersWorlds
Previous Post

Harry Kane flies 4,000 miles to Augusta for The Masters less than 24 hours after starring for Tottenham vs Aston Villa

Next Post

Rob Lowe and son continue rare tradition of Hollywood father-son combos

Related Posts

Have You Properly Prepared Your Kids for Defeat?
Parenting

Have You Properly Prepared Your Kids for Defeat?

Source: Myriams-Fotos/Pixabay An education policy...

Read more
Quand des sentiments du passé t’empêchent de rester calme face à tes enfants
Parenting

Quand des sentiments du passé t’empêchent de rester calme face à tes enfants

Comme la plupart des parents,...

Read more
Ørsted: I Own Shares And Have Sold Options, This Is A ‘Buy’ (DNNGY)
Parenting

Ørsted: I Own Shares And Have Sold Options, This Is A ‘Buy’ (DNNGY)

wera Rodsawang/Moment via Getty Images...

Read more
Schizophrenia: Treatment Options Explained – The
Parenting

Schizophrenia: Treatment Options Explained – The

According to Canada’s largest mental...

Read more
Mediterranean Diet Could Help to Reduce the Risk of
Parenting

Mediterranean Diet Could Help to Reduce the Risk of

In a study assessing the...

Read more
Load More
Next Post
Rob Lowe and son continue rare tradition of Hollywood father-son combos

Rob Lowe and son continue rare tradition of Hollywood father-son combos

  • Trending
  • Comments
  • Latest
An Ava Max Song Led The Netherlands’ Far Right Party To Implode

An Ava Max Song Led The Netherlands’ Far Right Party To Implode

Company accused of massive Medicare fraud

Steven Gerrard is ready to fly to Dortmund to get Jude Bellingham to join Liverpool 😂

poker

Poker Strategies of Celebrity Players: Tips from the Pros

Sayfullo Saipov guilty in Manhattan bike path attack, could get death penalty : NPR

Sayfullo Saipov guilty in Manhattan bike path attack, could get death penalty : NPR

A taste of famous Venezuelan cachapas

A taste of famous Venezuelan cachapas

Anne Hathaway fans love ‘mesmerising’ videos of her dancing during Valentino party

Anne Hathaway fans love ‘mesmerising’ videos of her dancing during Valentino party

Dare to make 2023 the year of adventure

Dare to make 2023 the year of adventure

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Sayfullo Saipov guilty in Manhattan bike path attack, could get death penalty : NPR

Sayfullo Saipov guilty in Manhattan bike path attack, could get death penalty : NPR

A taste of famous Venezuelan cachapas

A taste of famous Venezuelan cachapas

Anne Hathaway fans love ‘mesmerising’ videos of her dancing during Valentino party

Anne Hathaway fans love ‘mesmerising’ videos of her dancing during Valentino party

Sayfullo Saipov guilty in Manhattan bike path attack, could get death penalty : NPR

Sayfullo Saipov guilty in Manhattan bike path attack, could get death penalty : NPR

A taste of famous Venezuelan cachapas

A taste of famous Venezuelan cachapas

Anne Hathaway fans love ‘mesmerising’ videos of her dancing during Valentino party

Anne Hathaway fans love ‘mesmerising’ videos of her dancing during Valentino party

  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Go to mobile version