Walt Disney World and the six labor unions representing their 38k service employees have reached a historic contract settlement. Under the new contract, Disney is set to pay a minimum wage of $15 by 2021. The new contract will raise the minimum pay to $11 in December 2018, $12 in March 2019, $13 in September 2019, $14 in October 2020 and $15 in October 2021. Employees whose current pay is above $10 will receive at least $4.75 in raises by October 2021, with $2.50 within the first 6 months. The union raises will bring an estimated $1 billion influx of additional wages into the Central Florida economy over the term of the four year contract. (Spectrum News, 8.25.18)
Kuvera Partners Announce Plans for Aquarium in Branson
California-based Kuvera Partners has announced plans to bring an aquarium to Branson, MO. Aquarium at the Boardwalk is planned for the property of the vacant Grand Palace, and the goal is to have the aquarium open by spring of 2020.
“Redeveloping the Grand Palace site with an Aquarium is - without a doubt - the most impactful way to reactivate this key section of the Highway 76 Strip,” said Partner Tej Sundher in a news release. “We’ve gained excellent insight through eight rounds of consumer testing with H2R Market Research over the last three years and all of the data pointed us here.”
The group has been working on planning and design with St. Louis-based PGAV Destinations, a firm that has been designing world class zoo and aquarium exhibits for more than 50 years. PGAV is a long-time partner of H2R Market Research.
For more details on the project, check out this story from the Branson Tri-Lakes News.