PiratesMansion
Well-Known Member
The government seling its shares would probably NOT be a benefit for the resort. It's primarily because the government is pushing expansion and development that anything is happening with the resort at all.
Let’s see how the HKDL/gov response to these questions by a public regarding the latest update of the HKDL. For those who can’t read chinese, the letter stated several questions, including
1. Is the government planned to sell the shares of the Joint venture with Walt disney? (I hope HKSAR sell the shares so the Disney can plan the future development of HKDL without intervening by the government, but the government probably won’t sell the shares.)
2. Please provide the latest timeline for the Frozen attractions.
3. Will the Marvel attraction open in 2023 as scheduled or any latest timeline.
4. Did the government discuss with Disney about the future development of the HKDL resort after the right to purchase second phase land expired.
5. Did the government have timeline regarding the shopping, entertainment and dining area (downtown disney).
6. Questions about the board of directors
If not for the government pushing for expansion, Hong Kong Disneyland would probably be sitting there treading water with Disney trying as hard as possible to ignore its existence without actually closing it (I mean...more so than it's doing right now). It would be right where WDS in Paris was until very recently.
The revamps of DCA, WDS, and HKDL would not have happened without organizations outside of Disney (in HKDL's case, the government) pushing them into being. It probably would give Disney more freedom to act according to its own whims, but as recent history has seen, almost all of the best rides/attractions/areas/etc that have been developed in the Iger years have been in resorts where Disney has co-ownership or no ownership stake. That's not a coincidence or an accident. Disney, if left to its own devices, would do as little as possible, as cheaply as possible. To my understanding, without the government's insistence, none of the post-2009 expansions would have happened at all.
Thus, getting rid of the government would have little to no upside for the future of HKDL.
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