A Spirited 15 Rounds ...

[Dunston]

Disneyhead said on the Universal forums thread for Gate 3 just this date: October 1, 2022. No other words or context

 

[MinnieWaffles]

There was this whole “SNW is our counter punch to GE and WDW 50” narrative that works better than “third gate, ASAP!” A SNW for a Studios Park is going up right now in Osaka, with a show building now enclosed. It’s hard to believe that they’re going to abandon all that work to keep USO relevant in service of the next gate, which still has plenty of IP to draw from.

I really want to see UNI continue to seriously invest in the two existing gates and not rush this new park through because they haven’t learned anything from Disney.

I agree. Whilst they've added a lot of new rides, there's still a awful lot that needs to be updated, much like Disney.

 

[MisterPenguin]

Disneyhead said on the Universal forums thread for Gate 3 just this date: October 1, 2022. No other words or context

I though Uni builds things so fast that they could get two new theme parks each with 15 rides, a water park, a city center, and nine new hotels in just three years. But four and a half years?!!!!!

 

[Nubs70]

Why not?, Olympic venues go up in less time than that, Not everyone drags building stuff out to minimize cash burn, Most places want to start collecting REVENUE!.

But does a new attraction actually.generate revenue?
When crowds still come in droves, is the crowd level directly attributable to the new attraction? Short of a crowd turnout like WWoHP, any argument would be a chicken n egg debate.

 

[Mike S]

I though Uni builds things so fast that they could get two new theme parks each with 15 rides, a water park, a city center, and nine new hotels in just three years. But four and a half years?!!!!!

Originally it was 2023.

 

[Stripes]

Perhaps I'm a pessimist here but I don't see Uni's new park opening before 2024. Probably 2025. The approval process is going to take longer than people think, basic infrastructure is a pain in the butt. When you consider county approval, infrastructure installation, environmental review, public comment, traffic analysis, yada, yada, yada...construction is a long way off, regardless of how far along they are with planning.

I would guess 6 years away from the day of announcement.

 

[Stripes]

How’s UNI Beijing going?

From the most recent picture on themeparx, the site is still mostly dirt. 2 years is a long time, but Shanghai was significantly more developed 2 years out.

I feel like they're going to have to sacrifice money or quality in order to get this open before 2021.

 

[BrianLo]

Another hint at expansion of TDR’s existing parks, no third gate at this time.
https://tdrexplorer.com/expansion-plans-reported-for-tokyo-disney-resort/

An observation, I was going through OLC’s financial records last week and I noticed they’ve kept about $2.6 Billion on hand for the past couple of years whilst doing stock buybacks. OLC will tell us when they’re ready to proceed, but they will likely want to have more money put aside for this project. Just a guesstimate, but landfill plus a third gate and new Disney resorts could cost around $5 billion+.

I'm highly anticipating the annual results due out the end of this month. If we get expansion news, that's when it has traditionally occurred.

I don't think the 3rd park thing is likely right now.

 

[Quinnmac000]

From the most recent picture on themeparx, the site is still mostly dirt. 2 years is a long time, but Shanghai was significantly more developed 2 years out.

I feel like they're going to have to sacrifice money or quality in order to get this open before 2021.

You mean how the CCP just essentially doubled the budget and added 7 billion dollars to the development of USB?

 

[AEfx]

Perhaps I'm a pessimist here but I don't see Uni's new park opening before 2024. Probably 2025. The approval process is going to take longer than people think, basic infrastructure is a pain in the butt. When you consider county approval, infrastructure installation, environmental review, public comment, traffic analysis, yada, yada, yada...construction is a long way off, regardless of how far along they are with planning.

I would guess 6 years away from the day of announcement.

It depends. Things can be sped up if the appropriate parties want to. And there are a lot of parties who would be involved who genuinely resent how autonomous WDW is, and all the sweetheart deals involved, and very much want Universal to succeed as wildly as possible.

 

[AEfx]

Disneyhead said on the Universal forums thread for Gate 3 just this date: October 1, 2022. No other words or context

I think we should start calling it "U3".

 

[MisterPenguin]

Perhaps I'm a pessimist here but I don't see Uni's new park opening before 2024. Probably 2025. The approval process is going to take longer than people think, basic infrastructure is a pain in the butt. When you consider county approval, infrastructure installation, environmental review, public comment, traffic analysis, yada, yada, yada...construction is a long way off, regardless of how far along they are with planning.

I would guess 6 years away from the day of announcement.

They already got zoning approved. Can't imagine state wetlands being more arduous for Uni than they are for WDW. And if you look at the overdevelopment of the land around Uni, you see that it looks like Orlando never says no to development.

If it takes them more than 5 years, it can't be blamed on the town or state and Uni's reputation of being able to build in half the time that WDW takes will be gone.

 

[MisterPenguin]

I think we should start calling it "U3".

From Uni's PR: U4.

 

[Stripes]

You mean how the CCP just essentially doubled the budget and added 7 billion dollars to the development of USB?

Exactly. They're gonna have to spend, spend, spend. And at the end of the day, CCP gets their headlines for more employed workers, while Universal is left crawling because the park will open either under mountain of debt, or tremendously underbuilt.

A big price tag doesn't mean squat in China in terms of actual scale.

Bear in mind, the Xinhua article that claimed the park got a massive boost also said the park would attract an estimated 100 million visitors a year, or double WDW. I don't even have words for the nonsense the CCP cooks up.

 

[Disneyhead'71]

Wand Waver: "Hey Fast & Furious is open.

Ummm, ok. Yeah, umm Potter coaster...3rd gate."

 

[Stripes]

They already got zoning approved. Can't imagine state wetlands being more arduous for Uni than they are for WDW. And if you look at the overdevelopment of the land around Uni, you see that it looks like Orlando never says no to development.

If it takes them more than 5 years, it can't be blamed on the town or state and Uni's reputation of being able to build in half the time that WDW takes will be gone.

Coming from California, where everything is very...well you know, I may not fully grasp the Orlando development mentality. Nonetheless the hurdles are significant, 2 things I forgot to mention are easement usage and lobbying Orange County for tax breaks/subsides.

I believe IOA from announcement to opening was 6 years. All we can do is wait and see, but that's my bet!

 

[AEfx]

From Uni's PR: U4.

LOL, I knew someone was gonna say that LOL.

But I want credit for the U3 - I get so little in life, I just want that, LOL.

 

[Mike S]

I think we should start calling it "U3".

I like Site B myself.

Wand Waver: "Hey Fast & Furious is open.

Ummm, ok. Yeah, umm Potter coaster...3rd gate."

 

[AEfx]

Coming from California, where everything is very...well you know, I may not fully grasp the Orlando development mentality. Nonetheless the hurdles are significant, 2 things I forgot to mention are easement usage and lobbying Orange County for tax breaks/subsides.

Yeah, Orlando is different than Anaheim LOL - Orlando knows it is nothing without the theme parks as the main draw, versus Anaheim thinking its all that and that Disney isn't the house that built the town to begin with.

 

[Quinnmac000]

Exactly. They're gonna have to spend, spend, spend. And at the end of the day, CCP gets their headlines for more employed workers, while Universal is left crawling because the park will open either under mountain of debt, or tremendously underbuilt.

A big price tag doesn't mean squat in China in terms of actual scale.

Bear in mind, the Xinhua article that claimed the park got a massive boost also said the park would attract an estimated 100 million visitors a year, or double WDW. I don't even have words for the nonsense the CCP cooks up.

1. Universal owns 45% of the park but only putting 3 billion into it...its the CCP that is putting 12 billion into the park. So no it won't be Universal carrying a mountain of debt.

2. Shanghai Disney costed 5 billion. At at 15 billion dollar price tag for the full resort, that is the opposite of cheaping out or under building.