BrianLo
Well-Known Member
The penalty of $5 million is extremely small, especially compared to a promise of $2.5 billion. It would not shock me in the slightest if Disney built the Eastern Gateway like they've wanted to for awhile and then simply ate the penalty, considering that a small price to pay for getting free use of all their land going forward.
The 1.9 billion is mandated, the 2.5 billion is the threshold to not pay a (very small) penalty.
The Eastern Gateway project fulfills neither.
The 1.9 billion ‘has to’ happen. Presumably Disney is extremely certain of its medium term plans, otherwise they never would have offered up a figure. Certain as in they’ve already earmarked 2.5 billion for DLF by 2034, but have given themselves a small exit clause in case budgets are slashed.