Well the thing is, Iger made that a tough sell when he told a bunch of employees to uproot their homes and move to Florida, only to cancel the project they’d be working on. Those people left and are now working for Universal.
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5th gate anyone.......?
- Thread starter NickMaio
- Start date
Sirwalterraleigh
Premium Member
Just make sure you don’t bet that hunch
Sirwalterraleigh
Premium Member
Disstevefan1
Well-Known Member
Disney doesn’t want to add new attractions to their existing parks, I highly doubt they will build an entire 5th gate.
danlb_2000
Premium Member
Disney & Florida Planning New Development Agreement Worth Up To $17B, Would Add 5th Park At Walt Disney World
Florida would see up to $17 billion in investment from Disney over "the next ten to twenty years." The deal also sets the stage for a fifth park at Walt Disney World.deadline.com
Worth a read if you are wondering.
Another media site misinterpreting the agreement. The Reedy Creek Comprehensive plan has had an allowance for a 5th gate since 2010. This is simply what is allowed to be developed under the agreement not necessarily what Disney actually plans to build.
Andrew25
Well-Known Member
Right, but someone casually scrolling won't recognize that until (if) they read the article lol
“In furtherance of its plans to make significant capital investment in the Project during the term of this Agreement, Disney agrees to make at least an initial capital investment of $8 billion dollars within the first ten (10) years of the term of the Agreement, consisting of capital investment in existing infrastructure, new construction and technology investment.”
There is also a promise of a “minimum development” of 5 major theme parks in Orlando.
Ya - - - - that's really open to interpretation.
You "so-called" experts crack me up - - - - it does not matter what news source gets posted here. YOU are never wrong.
Why do I even bother.
For anyone else - give the article a read and do some more googling.
Time will tell - - -
60 billion over 10 years and no 5th park? Ya, that makes perfect sense.
danlb_2000
Premium Member
It's not even clear when you read the article.
danlb_2000
Premium Member
We may not be experts, but it doesn't change that fact that this doesn't mean that Disney promises to build a 5 gate, it is only be misinterpreted that way. Disney can easily blow through 60 billion in 10 years without a fifth gate in WDW.
JMcMahonEsq
Well-Known Member
I have honestly never understood why people would want, or think Disney would want, to build an entirely new 5th gate. Leaving aside costs, what does a 5th gate get you that expanded offerings at the existing 4 parks wouldn't. The only 2 reasons for any business to expand with new offerings would be either to 1) increase customer base or 2) increase spending of your existing customer base.
As far as 2, I can only speak for myself but I only have the ability to take off a certain amount of time per year, and a limited amount of time each time I do take time off. I don't think most people are taking 2 week/3 week vacations. Are people really going to extend their Disney trips even further, with more hotel costs ect., or just go to the new park, and not go to their least favorite one?
As to 1, and i will admit I changed my mind slightly as tying this, I could find reason for building a 5th gate, in a very limited circumstance. In my mind even with some cross, each existing park has something unique about. After MK, Epcot was about the future, AK about animals, HS originally about studios life, old Hollywood, and now I look at it as the main IP focused movie park. Perhaps a 5th gate purpose built around an older/higher intensity demographic? Opens later, higher thrill rides, later night offerings like cocktail parties ect. Its still Disney but maybe you would get more people that feel they age out?
As far as 2, I can only speak for myself but I only have the ability to take off a certain amount of time per year, and a limited amount of time each time I do take time off. I don't think most people are taking 2 week/3 week vacations. Are people really going to extend their Disney trips even further, with more hotel costs ect., or just go to the new park, and not go to their least favorite one?
As to 1, and i will admit I changed my mind slightly as tying this, I could find reason for building a 5th gate, in a very limited circumstance. In my mind even with some cross, each existing park has something unique about. After MK, Epcot was about the future, AK about animals, HS originally about studios life, old Hollywood, and now I look at it as the main IP focused movie park. Perhaps a 5th gate purpose built around an older/higher intensity demographic? Opens later, higher thrill rides, later night offerings like cocktail parties ect. Its still Disney but maybe you would get more people that feel they age out?
Not when you break it down.To draw more people in.
60 billion is a heck of a lot of expansions - don't you tink
Starship824
Well-Known Member
- In the Parks
- No
How about we fix the current parks first?
Disstevefan1
Well-Known Member
This will go down in Disney history as "The 60 billion dollar lie"To draw more people in.
60 billion is a heck of a lot of expansions - don't you tink
The $60 billion figure you love to throw out is worldwide spending over 10 (or now maybe 20) years. Maybe. If things like the economy doesn't change and projections come to fruition and Disney makes a boatload of money in all aspects of the company's business lines. As it stands, there could be up to $17 billion spent in Florida over 20 years. And $8 billion in 10 years isn't even enough to build another park, between WDI's horrible cost management plus any other plans they may have during that timeframe.
As pointed out, there's been an allowance for a 5th park since the 2010 RCID Comprehensive Plan, and that plan was created in the late 2000's.
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"Expansion at all four parks is well underway"? I must have missed all the expansion work a few months back, then. Epcot has no expansion going on. MK has no expansion going on. DHS has no expansion going on. AK has no expansion going on (remember, they already ripped out PW, so they'll have to have 4 rides in the alleged-Tropical Americas land retheme thing vs. the current 3 rides if you want to actually consider that an expansion). Announcements and blue sky ideas are not shovels moving dirt or steel beams being erected.
jloucks
Well-Known Member
emphasis on "if".
I don't believe it for a second. Not based on what I have read and seen.
jloucks
Well-Known Member
All true. ...which is more proof they are not suffering for attendance. At all.
jloucks
Well-Known Member
Seems logical too that the International Airport would fill all the extra spots.
So, sure, people might not do two days at MK, but more people would fly in and fill the gaps.
My whole... "you could add 4 new gates, and the parks will still be crowded" theory based on Induced Demand.
None of my arguments disproved the sunk costs demotivator. That is a pretty good excuse to not open new gates. I wonder what the ROI is on a new park?
Conspiracy Theory --> The Orlando infrastructure (airport, transport, labor, etc.) cannot handle a bunch of new gates, so those are where the sunk costs get really prohibitive.
Sirwalterraleigh
Premium Member
Sirwalterraleigh
Premium Member
But to twist it into something that is totally unrealistic is so much more “clicky”…isn’t it?