So maybe you missed my point that maybe the rest of TWDC was in much worse shape financially than the P&R division, and needed the capital expenditures to fix their issues first.
The "quagmire" of MM+ as you put it, was mostly spent on back-end improvements to systems and networks. Do you have any idea how much money it costs to set up a wireless network in a place such as a theme park that gets 40,000 visitors on average, and make it all work? I do, and it's in the 9 figure range. Do you know how much it costs to replace 30,000 Mickey head shaped RFID door openers? What about the servers and bandwidth needed to ensure that when a customer scans their MB, it can check and authenticate in less than 1/2 second to open that door. Do you have any idea how much that sort of thing costs? I do, and it ain't cheap.
Avatar started construction in January 2014, so only a bit over 3 years. Estimates on SWL for DL is less than 3 years from start to finish, and there is only speculation as to when the DHS version will be done. In case you didn't know, but the last what you call E-Ticket, Expedition Everest - took 6 years for planning and construction, so long timelines are nothing new. NO ONE knows for sure exactly how long the current projects are going to take to complete.
I am not defending everything that TWDC does now or has done, but it seems that you and others try to bash every single thing they do, regardless of how good or bad. I just try to interject reality into y'alls rants.