Darkbeer1
Well-Known Member
The Third park doesn’t need to be in Anaheim. The pandemic opened up many possibilities that will be realized in the next few years. First, Disneyland Resort needs to return to pre-pandemic growth. Second, Disney needs to invest in Resort expansion in Downtown Disney and Hotels. The first is more likely than the second. Disney has no faith in opening hotels in Anaheim unlike Orlando and they’re much more cheaper than theme parks. This is evident in how you noticed Orlando has the same number of overall attractions as Anaheim and multiples more hotels than Anaheim.
I expect more theme parks or amusement centers will come up for distress sales. Disney can pick off one in California. Or just kick the can down the road. There’s no rush when every business is in survival mode.
Why would Disney want another park in California with its high labor rates and high taxes?
Much better to look at another state or country?
As for distress sales, which ones?
>>Why? A potential end to economic fallout — plus Joe Biden becoming president-elect over the weekend — gave traders the courage to change their bets. For one trading session, at least, they bought coronavirus losers and sold shares in businesses that had been pandemic winners.
Take entertainment giant Walt Disney Co., for example. The pandemic has hammered its bottom line as the masses stay away from theme parks and movie theaters. The Disneyland owner’s shares rose 12% along with competitors Universal, up 5%, and Cedar Fair, owners of Knott’s Berry Farm, up 24%.<<
Theme parks up, e-commerce down. Stocks scrambled by Pfizer’s coronavirus vaccine
Drugmaker Pfizer’s shares jump 8% — but far larger gains were found in companies hard-hit by pandemic-related business limitations.
www.ocregister.com
And as you stated, Seems like Disney's Hotel ratio is low in Anaheim. Building Hotels on the Toy Story property makes sense. With the Convention Center nearby, they can build the high end Hotels and market to both The Disney fans and Business groups.
Also, the City would accept the fact that Gene Autry jogs to the south, so long as it ends where the current driveway entrance is located on Harbor. That would be cheaper than go under or over the ground.