Flooding isn't the problem, it is what equipment and materials happen to be in the flooded area. Probably nothing, just an observation and question.
That is pretty much myth. You don't account for capex on a daily basis. It doesn't become an expense until it is actually opened. Cash outlay is more then likely from borrowed money, so maybe interest expense and that doesn't amount to enough to worry about and only increases the cost of the project if it lingers. Any money spent on the project is part of the asset of the attraction. If you spend $10.00 on the project, it just transfers from the cash account to the asset account. No change in financial standing at all. They cannot even use depreciation against taxes until it is operational, so there really is no incentive to purposely drag out construction time. Whatever time it isn't open will not produce any revenue to offset the expenses. Timing has more to do with planned crowd anticipation and giving one thing time to cool down before the next big draw is opened.
It really isn't. These projects receive monies on a yearly basis as and when it's needed as opposed to getting it all at once.
Martin, yes construction works that way, but, it doesn't matter until it is paid back. It isn't considered anything it is officially entered as a depreciating asset. Both capex and cash are considered assets. It is just exchanging one asset to a different asset account. The only other account affected is if it is borrowed money, then it also alters the liability side of the balance sheet which alters net worth. The higher the liability with no adjusting income that lower the net worth. A capital investment is never going to be considered an expense. Whether Disney borrows the money (which you know they do) or they take it out of their cash reserves it changes nothing as far as legal expenses are concerned. The benefit not one iota. What they lose is the longer it takes to open the longer before it becomes a cash cow. All accounting is for the benefit of tax situations. Intentionally extending opening dates just affects income by not helping it increase net worth. There is no expense, just movement of assets from one account to the other.
I think it will be like Streetmosphere at the parks, in the same way, the Stormtroopers interact with you now. The difference being, that in SW:GE you will be able to follow up that interaction with another interaction elsewhere. "Go meet the trader at this hut" etc...
Not wishful at all.
That would be awesome. The inner geek child in me has goosebumps. If anyone ever listened to Kevin Smith describe walking onto the Falcon set, this is what I hope we all get to feel a bit.
Don't mention the split corridor not in the movies!
Incorrect. At best training can be done by those already trained.
