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DisneylandForward
- Thread starter flutas
- Start date
mickEblu
Well-Known Member
That’s never made sense. There’s gotta be something we don’t know.
truecoat
Well-Known Member
They had 2 chances since 2012.
I’ve been wondering this for awhile. Seems like a no brainer that they would want to own it considering it’s between 2 of their properties. The only thing I can think of is the cities hotel requirements for Gardenwalk. I think they’re requiring 3 to be built there. I don’t see Disney building 3 hotels in such a small space. But I wonder if DLF being approved would allow that to be changed if they bought it now?
Phroobar
Well-Known Member
I think it is because the sale contract says the neon lamas must stay.
TragicMike
Well-Known Member
The proposed Animal Kingdom expansion has three IP’s in one land (Encanto, Coco, and Indiana Jones attractions) so there’s hope.
In fact, I wouldn’t be surprised if we see that same Latin American Land expansion at Disneyland.
Movielover
Well-Known Member
1 of the 3 hotels is already built. the other two spots can clearly be seen below. Also, I read that the parking garage was designed and built to have luxury condos built on top of it, so that could maybe also be repurposed for hotel space as well. But I highly doubt the current owners will do this with how much they are struggling anyways. Count me in the camp of wondering why the heck Disney passed on buying this property multiple times.
PiratesMansion
Well-Known Member
The only consolation is that it's never stopped struggling, so maybe if Disney ever does the math, they can still get it for a reasonable price. Then they can use more of the TSL site for the actual third gate it's supposed to be someday.
shambolicdefending
Well-Known Member
My best (and only) speculative guess is that Disney doesn't feel like they need another Downtown Disney to cannibalize the first one.
From what I've gathered between the lines, the original DTD has never been quite as successful as they want it to be, and they're still constantly tinkering and toying with it to figure out how to make it work.
There probably isn't a super-strong business case for adding another similar property nearby.
From what I've gathered between the lines, the original DTD has never been quite as successful as they want it to be, and they're still constantly tinkering and toying with it to figure out how to make it work.
There probably isn't a super-strong business case for adding another similar property nearby.
PiratesMansion
Well-Known Member
There's probably some truth to that, but there keep being rumblings of using the TSL plot for additional shopping and dining areas too.
And if that's the case, it would honestly make more sense to just buy GardenWalk and make that the DTD East equivalent, while then fully committing to using the maximum possible space within the TSL for that future gate. It's not like GardenWalk would require a huge redesign, and it is already actively oriented towards the TSL site.
Like the other reply said, there is talk of the Toy Story lot being used for an even larger hotel/dining/shopping experience so that doesn’t quite check out.
Plus we all know Disney wants more DLR Hotels and I’m sure we will get at least another hotel or two in the expansion pads or Toy Story lot. Gardenwalk already has one and space for at least one more decent sized one so that could keep some space available for park expansions or the third gate.
My guess is that the use of the TS lot is towards the end of the prospective schedule for the DisneylandForward plans that they don't feel any urgency to deal with the Garden Walk area. The Eastern Gateway and Western park expansions make far more sense as priorities, not to mention the in-park areas of Hollywood Pictures Backlot, Tomorrowland, Fantasyland Theatre and further expansion behind Galaxy's Edge.
Why be in charge of dealing with the upkeep / businesses of the Garden Walk area in the interim? If they eventually build a 3rd park on the TS lot land in 15-20 years the GW can either be bought out at a later time before then, or they can just deal with it being under different ownership like they always have around them.
Why be in charge of dealing with the upkeep / businesses of the Garden Walk area in the interim? If they eventually build a 3rd park on the TS lot land in 15-20 years the GW can either be bought out at a later time before then, or they can just deal with it being under different ownership like they always have around them.
You know what I wish they would build as part of an infrastructure overhaul via Disneyland Forward? Having a PeopleMover type transit system that would replace the trams and also continue on to the Eastern Gateway. You could have three pick up / drop off spots - the two parking structures on each end and the gate entrances in the middle. It could even be future proofed to expand to the TS lot if a 3rd gate was ever built there.
CastAStone
5th gate? Just build a new resort Bob.
The simplest solution - and almost certainly most efficient way to move large quantities of people over that distance - would be to do what Universal did in Orlando and just build a bunch of elevated covered moving walkways.
truecoat
Well-Known Member
I'm not sure what it sold for in 2012? but the last sale price was $80 million. You'd think it would be a no-brainer to get such a big plot of land for future use but it does eat into the executive bonus pool.
PiratesMansion
Well-Known Member
Is that really the last time it got sold? I guess I had pictured it happening more recently.
That's quite a price for such a nothingburger of a complex.
It's mindboggling that the much-smaller Disney of the 80s literally bought the Wrather Corporation to get control of the Disneyland Hotel, but today's far richer Disney can't buy a mall that's designed and located in such a way that would make it an obvious asset for their resort portfolio.
D.Silentu
Well-Known Member
Pardon if this is a redundant question, but does the reason they declined to purchase it perhaps have to do with obligations attached to the property that are too constraining? For instance, building a requisite number of hotels? I've never heard a solid answer, but presently agree with those who presume Disney missed an opportunity here.
PiratesMansion
Well-Known Member
Probably not a hotel constraint, as one would think it suits their purposes to build more hotels, and/or have more hotels in the vicinity that they could at least get a cut of the profits from if they were to buy the complex. Just makes me wonder what the deal is and if the reason it wasn't acquired by TWDC is just blatant Disney stupidity or if there's more at play than meets the eye.
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