News Star Wars: Galactic Starcruiser Permanently Closed Fall 2023

[Lilofan]

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ENRON thought they were the smartest guys on the room until...

 

[flynnibus]

Why is this even being talked about? This is old news.. update for ppl... next quarter is supposed to have accelerated write downs too

 

[GimpYancIent]

Ok, from the bookkeeping / accounting side of the house things will be worked out money wise. What about the actual physical, brick and mortal, steel reinforced concrete building? Are the hard hat folks going to reduce it to rubble and dust or refurb it? Either will incur cost, but then it could be left to rot and deteriorate.

 

[Nubs70]

Accelerated depreciation.

MACRS

 

[erasure fan1]

Either will incur cost, but then it could be left to rot and deteriorate.

If I was to bet, it's going to sit and rot.

 

[JMcMahonEsq]

Ok, from the bookkeeping / accounting side of the house things will be worked out money wise. What about the actual physical, brick and mortal, steel reinforced concrete building? Are the hard hat folks going to reduce it to rubble and dust or refurb it? Either will incur cost, but then it could be left to rot and deteriorate.

For the short term, nothing needs to be done with the building. Absent some new plan to re-develop the area in the near future there is no reason to tear the structure down. There will be some maintenance needed to make sure it stays water tight an no structural damage takes place, but its not going to "rot and deteriorate" over the course of a year or two while WDW decides what their next steps are.

 

[John park hopper]

Ok, from the bookkeeping / accounting side of the house things will be worked out money wise. What about the actual physical, brick and mortal, steel reinforced concrete building? Are the hard hat folks going to reduce it to rubble and dust or refurb it? Either will incur cost, but then it could be left to rot and deteriorate.

It will be abandoned just like Discovery Island and Backlot, heck it costs money to tear it down when nature can do it for free.

 

[Nubs70]

And people keep posting how the SEC will frown on you putting different eggs in each category, there are legal ways as you posted earlier to massage the numbers.

Legal ways that are equally accessible to all regardless of where they reside on the political spectrum

 

[JoeCamel]

Legal ways that are equally accessible to all regardless of where they reside on the political spectrum

Some choose not to play the edges and just be straight up. You sleep better at night

 

[Basil of Baker Street]

I am curious why this couldn't be converted into some sort of DVC property. Star Wars themed or not.

 

[LSLS]

I am curious why this couldn't be converted into some sort of DVC property. Star Wars themed or not.

How many points are you going to spend for a hotel room a little more than half the size of the All Stars rooms with no windows, partial amenities, and no direct park access?

 

[JMcMahonEsq]

Some choose not to play the edges and just be straight up. You sleep better at night

If its within the tax code it is straight up. Any company that isn't maximizing its deductions via legal use of the tax code are fools, and if they are that bad at managing a business then it should keep them up at night.

 

[Basil of Baker Street]

How many points are you going to spend for a hotel room a little more than half the size of the All Stars rooms with no windows, partial amenities, and no direct park access?

Honestly I have no idea. Turn 2 rooms into 1 or something? I just think its crazy that it will sit there unused.

 

[Ayla]

For the short term, nothing needs to be done with the building. Absent some new plan to re-develop the area in the near future there is no reason to tear the structure down. There will be some maintenance needed to make sure it stays water tight an no structural damage takes place, but its not going to "rot and deteriorate" over the course of a year or two while WDW decides what their next steps are.

It's like you have zero knowledge of disney's track record with empty buildings.

 

[JMcMahonEsq]

It's like you have zero knowledge of disney's track record with empty buildings.

You have a reading comprehension problem.

I am not commenting on what Disney is going to do with the building. I simply commented on what needs to be done, doesn't need to be done structurally with the building. I need no knowledge on track records of anyone to do that.

 

[celluloid]

You have a reading comprehension problem.

I am not commenting on what Disney is going to do with the building. I simply commented on what needs to be done, doesn't need to be done structurally with the building. I need no knowledge on track records of anyone to do that.

But if it needed to be done, Disney would do it. They don't do that kind of thing. All of their abandoned buildings have been left to elements until the time has come to do something with it.

 

[Ayla]

For the short term, nothing needs to be done with the building. Absent some new plan to re-develop the area in the near future there is no reason to tear the structure down. There will be some maintenance needed to make sure it stays water tight an no structural damage takes place, but its not going to "rot and deteriorate" over the course of a year or two while WDW decides what their next steps are.

I'm not the one with a reading comprehension problem.

 

[Disstevefan1]

For the short term, nothing needs to be done with the building. Absent some new plan to re-develop the area in the near future there is no reason to tear the structure down. There will be some maintenance needed to make sure it stays water tight an no structural damage takes place, but its not going to "rot and deteriorate" over the course of a year or two while WDW decides what their next steps are.

Sincere questions.

If they are taking tax write offs or write down or whatever they are calling it, they are not required to tear it down?

After taking the tax write offs or write down they can still reuse the building for a similar or same use?

 

[flynnibus]

Honestly I have no idea. Turn 2 rooms into 1 or something? I just think its crazy that it will sit there unused.

Mainly because right now, they need to avoid extra spending and are seeking to bolster their reports best they can right now - so huge write-offs are attractive. It's just like some of the content they pulled from streaming.. it's not that there isn't any value there, it's that the value of the tax advantage RIGHT NOW far outweighs the lesser value the 'use' has. So it's advantageous to the company to NOT use it for now.

 

[flynnibus]

It's like you have zero knowledge of disney's track record with empty buildings.

What examples would you like to put forth? Most of their inactive spaces have kept up their serviceability quite high. Just because explorers could go around and find things 'frozen in time' doesn't mean buildings were rotting away.