Only if they planned to keep it as a mall. An opportunity to own a large tract of land pretty close to their existing theme park properties seems like a no-brainer. Especially if the price was right.
We discussed this on this board years ago, but it's time for a refresher...
In the plan that TDA had cooked up for Bob Chapek's approval in 2017, the first floor would remain a mall refocused on dining and upscale tourist shopping
(the original mall plan was supposed to appeal to tourists and locals). But the second floor would become the core of the "Cast Campus", with many amenities and services that CM's need/want, like: subsidized daycare center, Partners Credit Union bank, low-cost grocery store, low-cost pharmacy, medical/wellness clinic, plus some perks like a Starbucks and a dry cleaners and a Company D store, etc. The 24 Hour Fitness gym in the basement
(which was closed) would be turned into a CM-only gym and "healthy lifestyle" center.
Disney knew they had to get both of GardenWalk's empty hotel plots built with 500+ room corporate hotels aimed at the convention crowd, and they were confident if the mall was owned by
"Disney!" they could do that quickly and relatively easily, which helped the deal pencil out.
The parking garage in that mall goes three floors underground. Plus all the above ground floors that were built to support the second hotel plot and 3-level condo development on the roof that will likely never be added. There would have been an easy 1,000 extra parking spaces for CM's there.
An investment firm in Dubai outbid Disney's very lowball offer, but then the Dubai firm's financing fell apart. It went back to the second place winner, Disney, and they passed on it because Chapek flip-flopped suddenly, as he was never confident in his decision making when it came to the exotic Anaheim culture. So it went to the third place winner at the bankruptcy auction, and that's the guy who installed the zoo animals on Disney Way. Which tells you something about how lowball the offers truly were, and how cheaply Disney could have picked up this big mall property that has a lot of potential as a mixed use development that would have benefited CM's more than wearing black nail polish.
Again I say, with full throated enthusiasm...
Bob Chapek was an asshat.