DTD Third Parties Upset Over Parking

[PhotoDave219]

Its true though, DTD is terrible as it stands in its current form, I can't see how the leases would be pleased in the environment they currently try to make a profit in. Fixing DTD, as Disney is doing will make it easier to drive more traffic, and make the property they currently hold more valuable from a retail sense.

I love WDW, but DTD is indeed embarrassing.


Jimmy Thick- Is Harley still in PI?

Yes, Harley Davidson is directly across from the balloon & Starbucks, near the bridge to pi. Harley's third spot since 2007.

 

[71jason]

I agree with you, AMC needs to stfu however there's been a lack of planning with DTD parking and it's a disaster for everyone. Everyone is affected and AMC is crying when a lot of others are affected more.

I think AMC are well within their rights to complain. The two main lots in front of the theater--where 90% of their client base is used to parking--are effectively closed, and the valet that was supposed to alleviate some of the issues had failed. Miserably. If anything, it has made it harder to get to the other lots.

I have never read the TDO/AMC contract, but I'm willing to bet money it says something about reasonable parking being TDO's responsibility.

That said, agreed this seems to be hurting other venues worse--at least AMC has a large, fairly loyal following based on its CM and AP discounts. Splittsville was not doing that great when the lots were still open, and it never really had time to build a fanbase. The point is, if AMC and Paradiso are worried, I can't imagine the other venues are happy.

 

[71jason]

I would hazard a guess in that written contract there is no mention of Disney Springs ... that other thing Hyper Wharf Mania with extra lights-thing maybe but still I doubt AMC contract has any concession about Disney Springs.

Of course not. But I'm sure there is generic language covering redevelopment. Still not sure why everyone is hung up on the contract, tho.

 

[Master Yoda]

The compromise here is simple - Disney needs to change the overall development... doing so disrupts their existing tenants... so Disney should be accommodating accordingly by adjusting amounts they are due. The compromise is easy... the problem is it means giving up $$$. What is Disney more interested in? Holding the line and running tennents to the edge... or creating loyalty and an involved partnership? Anyone see any paralells here????

Tenants who likely signed up BEFORE any master redevelopment plans were discussed or scoped. So in that sense they are blind-sided.

And @Master Yoda - lets be frank here.. just how strong of a bargaining position do you think these vendors are in when trying to negotiate their retail lease with Disney??? Does anyone realistically think they can dictate terms to Disney on that scale? Not bloody likely.

If the ratio of rent to profit is consistent with other locations, then their bargaining power would be the same across the board. I however suspect that the location makes them much greater return on their investment than other locations giving them little power as you suggested. That extra ROI does come with strings attached though. If it is like you suggest and Disney holds all the cards because of greater ROI, the tenants have to suck it up and deal with it. You can't have your cake and eat it too.

 

[Master Yoda]

Of course not. But I'm sure there is generic language covering redevelopment. Still not sure why everyone is hung up on the contract, tho.

The contract would or should outline any compensation for loss of business due to construction. AMC can whine all they want but, getting compensated or breaking their lease is up to the contract.

 

[PhotoDave219]

I think AMC are well within their rights to complain. The two main lots in front of the theater--where 90% of their client base is used to parking--are effectively closed, and the valet that was supposed to alleviate some of the issues had failed. Miserably. If anything, it has made it harder to get to the other lots.

I have never read the TDO/AMC contract, but I'm willing to bet money it says something about reasonable parking being TDO's responsibility.

That said, agreed this seems to be hurting other venues worse--at least AMC has a large, fairly loyal following based on its CM and AP discounts. Splittsville was not doing that great when the lots were still open, and it never really had time to build a fanbase. The point is, if AMC and Paradiso are worried, I can't imagine the other venues are happy.

Splitsville is not packed anymore now that all the lifestyles stopped going.

 

[Jimmy Thick]

Splitsville is not packed anymore now that all the lifestyles stopped going.

Terrible idea to begin with.


Jimmy Thick- Being honest.

 

[WDWFan_Boston]

Terrible idea to begin with.


Jimmy Thick- Being honest.

They're a pretty popular chain in other cities that have them. Patriot Place (the large outdoor mall attached to Gillette Stadium) wants to put one in very badly.

Jimmy Thick- Being contrary for the sake of being contrary since 2007

 

[Ignohippo]

The compromise here is simple - Disney needs to change the overall development... doing so disrupts their existing tenants... so Disney should be accommodating accordingly by adjusting amounts they are due. The compromise is easy... the problem is it means giving up $$$. What is Disney more interested in? Holding the line and running tennents to the edge... or creating loyalty and an involved partnership? Anyone see any paralells here????

Tenants who likely signed up BEFORE any master redevelopment plans were discussed or scoped. So in that sense they are blind-sided.

And @Master Yoda - lets be frank here.. just how strong of a bargaining position do you think these vendors are in when trying to negotiate their retail lease with Disney??? Does anyone realistically think they can dictate terms to Disney on that scale? Not bloody likely.

This is the perfect post. It's about securing and fostering relationships. As you stated, these tenants were more than likely either blindsided by these plans or were told the disruption would be minimal. More than likely, none of them had any kind of construction provision in their contracts because who would have thought they'd need them?

 

[PhotoDave219]

Terrible idea to begin with.


Jimmy Thick- Being honest.

I like the food & they have decent beer. I like bowling. It's not the worst idea they've ever had; it's one of the few places you can walk in and get food without a Reservation nor an insane wait.

 

[PhotoDave219]

The contract would or should outline any compensation for loss of business due to construction. AMC can whine all they want but, getting compensated or breaking their lease is up to the contract.

That place is packed on any day with bad weather. They're not going anywhere. They're just complaing.

Granted... They have a point. This is going to take HOW long?

 

[DougK]

Terrible idea to begin with.


Jimmy Thick- Being honest.

Bowling is not a terrible idea.

 

[Jimmy Thick]

I like the food & they have decent beer. I like bowling. It's not the worst idea they've ever had; it's one of the few places you can walk in and get food without a Reservation nor an insane wait.

Bowling is not a terrible idea.

Bowling in itself is not terrible, going to Disney World to bowl...I think I can do better.

Jimmy Thick- Plus its cheaper at home.

 

[WDWDad13]

I think they should have made that building into a large indoor interactive mini-golf course

 

[WDWFan_Boston]

I think they should have made that building into a large indoor interactive mini-golf course

They should renovate part of DisneyQuest, which is showing age pretty badly, with an idea like that. I'd be interested in that.

Bowling in itself is not terrible, going to Disney World to bowl...I think I can do better.

Jimmy Thick- Plus its cheaper at home.

Good thing we're not all like you Jimmy!

Jimmy Thick- Purveyor of truthiness

 

[G00fyDad]

I would hazard a guess in that written contract there is no mention of Disney Springs ... that other thing Hyper Wharf Mania with extra lights-thing maybe but still I doubt AMC contract has any concession about Disney Springs.

I didn't say Disney Springs. Just a general contract for a lease. In that lease there may or may not be a provision for compensation due to construction, but knowing Disney they would have left that out since they are always doing something with construction and would not want to be out the money. That general leasing contract would supersede any verbal contract.

 

[71jason]

Splitsville is not packed anymore now that all the lifestyles stopped going.

Erroneous! Like a lifestyler would ever set foot in a bar that didn't have actors paid to act like their friends. And a ridiculously sweet drink ... with whipped cream on top.

 

[71jason]

I like the food & they have decent beer. I like bowling. It's not the worst idea they've ever had; it's one of the few places you can walk in and get food without a Reservation nor an insane wait.

It's almost like DTD is already over-saturated with table service restaurants aimed at adults. If only someone had posted that on the boards 5 years ago.

 

[71jason]

The contract would or should outline any compensation for loss of business due to construction. AMC can whine all they want but, getting compensated or breaking their lease is up to the contract.

I would think a strong argument could be made that closing all the closest parking lots constitutes a change in circumstances, no matter what the contract says. But I haven't practiced contract law in years so you might want a second opinion on that.

 

[HenryMystic]

I would think a strong argument could be made that closing all the closest parking lots constitutes a change in circumstances, no matter what the contract says. But I haven't practiced contract law in years so you might want a second opinion on that.

Sounds good to me. I'd love to see the contract (and others)