There's an element of Disney buying Lucasfilm that hasn't made the news yet: The giant SoCal outfit is now inheriting Lucas's nifty annual tax break, cheating San Francisco out of property taxes worth about $60 million. See, part of what Disney gets is that shiny Lucas building in the Presidio -- a private office complex built in a national park. And since it's on federal land, not San Francisco land, Lucas doesn't pay the city property taxes.
Nice to know the rest of us working stiffs are helping Disney out.
Oh, and $4 billion for the entire Lucas empire? Disney got it cheap.
Most Commented On
- Do you want your Ex back after a divorce - April 16, 2014
- READ THE BILL. - April 16, 2014
- No, they can't. If I was - April 16, 2014
- Economic reform is about money printing, not dispatchers - April 16, 2014
- I think you're - April 16, 2014
- Yes, anyone who files an Ellis 30/90 days after the effective - April 16, 2014
- Yes, after a while as a landlord, you develop a sixth sense of - April 16, 2014
- Of course, why do some tenants think that they have a lifetime - April 16, 2014
- LOL, Benito has had 37 years of stupid cheap rent and now you - April 16, 2014
- Maybe there are bad LL's, but so what? - April 16, 2014