Disstevefan1
Well-Known Member
Who knows. Time will tell. I am not hopeful for WDW. I hope I am proven wrong. Maybe after Iger is out there we will get someone who will focus more on what actually makes money for TWDC like theme parks.
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News Disney plans to accelerate Parks investment to $60 billion over 10 years
- Thread starter CaptainAmerica
- Start date
Tha Realest
Well-Known Member
If the last three years of the RCID/CFTOD saga has taught us anything, it’s that contracts can be amended
eddie104
Well-Known Member
That’s the one thing I’m actually happy to come out this whole Reedy Creek debacle.
Disney no longer has the ability to just “coast” on the sidelines but actually has to show they are committed to investing in Florida.
We can also thank Epic Universe for that as well because the competition is definitely gonna heat up the next decade in the Orlando market.
John park hopper
Well-Known Member
Contacts can be amended, rescinded when Disney leadership changes priorities change--- 10 -20 years is a long time. Anyone who thinks it is written in stone Disney is obligated to spend 60 billion is fooling themselves.
eddie104
Well-Known Member
I don’t think anyone is under the delusion Disney is gonna spend that full amount.
Personally I’m hoping for at least a couple billion for WDW in pure expansions and additions.
This is capital expenditures (capex). Not ordinary operating expenses. That has been made very clear in SEC filings and in the deal with the new district.
Are you really saying that one side of a contract, i.e., Disney, can change a contract without permission of the other party or without reprisal from the other party?
BrianLo
Well-Known Member
Not really… don’t confuse yourself with the recent saga with questionable legality. They could not redact Disneys’ prior developmental contract (not the last second one), even though they wanted to.
That was also a matter of the government wriggling out of a very very recent contract they felt they were not fully alerted to. This is the matter of Dis wiggling out from under the government. Unless the political climate in Florida changes that seems highly improbable.
No one has argued 60 billion is written in stone. 10.5 is written in stone between Florida and Anaheim (which really isn’t a lot) and they are on the hook likely for another 3 billion in cruise ship contracts and a few for ongoing projects mid cycle. They are also several billion deep into this cycle.
They could wind down a whole heck of a lot of spending. Though the bulk of it would be international. But what they can’t unwind is the baseline in Florida. Which is neither great, nor atrocious. It would represent about 6 major units of spend instead of the 8 or so we got between 2013-2023. Or the 12 or so they are hoping to invest this ‘10 year cycle’.
peter11435
Well-Known Member
It’s not that simple.
If the last three years of the RCID/CFTOD saga has taught us anything, it’s that most people on this forum and in government have no idea how contracts work and lack any knowledge of contract law.
EricsBiscuit
Well-Known Member
Did Disney make this kind of deal with the RCID too?
Disstevefan1
Well-Known Member
Thanks for clarifying. I still have no faith that anything really good will happen at WDW.
Its just words at the moment.
BrianLo
Well-Known Member
No, there was really no need before.
It’s clearly mostly a tit for tat deal. Make it seem like the state is getting ‘something’ and Disney is committing to likely the minimum spend they feel is a safe bet and really can’t unwind at this point. It may have also been motivated by Disney’s commitment to Anaheim.
Words that the SEC and the new district board will start asking questions about if unfulfilled and maybe even take Disney to court over it.
Same with the promised expenditure at DisneyForward in DLR.
eddie104
Well-Known Member
You are starting to sound like a broken record.
You are using some interesting math right there. A new Triton-class cruise ship is around $2.5 billion. They currently have 5 (or 6, depending on how you want to count the Treasure, or 7 if you want to include the Adventure) ships. Doubling even on the low end puts us at $12-14 billion accounting for inflation.
Disstevefan1
Well-Known Member
THANKS! I did not think anyone actually read my posts!!
Ah, its good to be heard heard heard [record scratch sound]
And lets not forget, records are made to be broken
DonniePeverley
Well-Known Member
Long term investment plans are a load of nonsense.
Few bad movie flops, economy struggling, tourism down (because of locals hogging the parks with cheap passes) would mean plans change.
Like i say, invest now ... not some 10 years down the line. Believe it when i see it.
Few bad movie flops, economy struggling, tourism down (because of locals hogging the parks with cheap passes) would mean plans change.
Like i say, invest now ... not some 10 years down the line. Believe it when i see it.
eddie104
Well-Known Member
That’s what they are doing.
DonniePeverley
Well-Known Member
They aren't though are they.
eddie104
Well-Known Member
Huh?
So we’re going to keep pretending like they don’t have various projects in the works?