I cannot imagine they are spending that much on Magic Kingdom. I think those projects missed out on the current spending package and are shelved, for a while. Moana could get shifted again to another park.
I also cannot imagine Josh would be with the company and show up so empty handed as spending is 'supposedly' ramping up. We've had more things than that announced after last years D23.
Certainly it would put them on track to miss their spending targets, which I acknowledge could occur given the environment we're entering.