Universal goes over its capital budget

[trr1]

Universal goes over its capital budget
By Leah Zanolla
Feb 1, 2010

Universal Orlando has been exceeding their capital budget trying to get The Wizarding World of Harry Potter ready to open. In 2009, the resort spent $130 million on capital projects. Most of this money has gone into the Harry Potter attraction and the recently opened Hollywood Rip Ride Rockit roller coaster. When 2009 started, Universal had budgeted $110 million, but has already exceeded that by $20 million and the attraction isn't finished yet.

 

[E P C O T]

Void.

 

[crazydaveh]

I agree. If you can somehow stay in budget on huge projects like HP, then the CFO and Super of the project need huge kudos!

Universal spent a lot more on Rockit than they budgeted due to the extra time it took to get the coaster running. They're still spending money on it to get it to run at 100%.

I don't think it's cause for alarm or even a thread, except for a Mickey fan to take another bash at Uni!

 

[Studios Fan]

It's not really a shock they've gone over their budget. It will be interesting to see what they do after WWOHP is completed.

 

[sknydave]

I really hope they see a return on all of this so that they can continue to put out interesting stuff

 

[T-1MILLION]

Overall I just want to say this is something that no theme park fan should feel too bad for.

I mean, a theme park going with the original budget or more than that to get things right is certainly a rare thing we all hope to read vs the much more common:

"Cutbacks and budget cuts."

 

[JT3000]

I certainly don't feel bad about them going over budget. It's much better than the constant budget cuts you'll find at Disney. I just hope we don't have to wait 10 years for another new attraction. :lookaroun

 

[jonnyc]

Overall I just want to say this is something that no theme park fan should feel too bad for.

I mean, a theme park going with the original budget or more than that to get things right is certainly a rare thing we all hope to read vs the much more common:

"Cutbacks and budget cuts."

Very true! Let's hope it pays off.