News Walt Disney Company plans to spend $17 billion at Walt Disney World over the next ten years

[yensidtlaw1969]

Sounds like the next Disney Decade is upon us!


. . . Wait . . .




(Joking aside, I *HOPE* this plays out well!)

 

[Vegas Disney Fan]

Sounds like Disney is thinking long term, despite its current “management” Florida is still an enticing place to do business.

 

[Lilofan]

Sounds like Disney is thinking long term, despite its current “management” Florida is still an enticing place to do business.

FL welcomes money from all over the world . Real estate and money laundering go hand in hand

 

[J4546]

Also Id like to see the parking lots covered with solar panels like they did in Paris! Its a great idea spot for them

 

[Sirwalterraleigh]

It is - don't try to spin it like its not.
But of course it needs to be spent correctly.

Let’s do a sentence breakdown, shall we?

“Walt Disney plans”
Full stop. Bob-committal
“To spend $17 billion in the state of Florida”
Ok…we’re good there
“Over the next 10 years”
Danger, will Robinson. So that is a classic Disney tactic… big number diluted over a time frame.

This is a tactical and strategic Move.


But let’s get back to money. So how much do you think they legitimately need to spend per year - based on their budgets and practices - to improve/repair/sustain the Orlando complex?

Curious. Not a loaded question.

 

[King Panda 77]

Spin spin spin . I'm surprised some posters here aren't dizzy permanently.

 

[ToTBellHop]

Some of you make this place pretty toxic.

 

[CJR]

Let’s do a sentence breakdown, shall we?

“Walt Disney plans”
Full stop. Bob-committal
“To spend $17 billion in the state of Florida”
Ok…we’re good there
“Over the next 10 years”
Danger, will Robinson. So that is a classic Disney tactic… big number diluted over a time frame.

This is a tactical and strategic Move.


But let’s get back to money. So how much do you think they legitimately need to spend per year - based on their budgets and practices - to improve/repair/sustain the Orlando complex?

Curious. Not a loaded question.

I think of this line:

 

[HauntedPirate]

Galaxy’s Edge added about 1600 operational jobs.

Iger outlined an increase of 13,000 jobs or roughly 8 times as many jobs than Galaxy’s Edge added. Sure, some of these will likely be the new campus, but new capacity is coming.

Honest question - Where are they going to get an additional 13,000 people when they still can't hire enough people to re-open things that were closed during the Covid shutdown and subsequent layoffs?

 

[OSUPhantom]

I doubt Iger would pull that number out of nowhere so clearly there are plans to make major investments. It also matches with his previous statements about expanding capacity through investments in new lands. Even over ten years that’s a significant amount of money given that I think GE cost about $1B all together. The default reaction on these forums is always negative but for now count me in as cautiously optimistic.

 

[SplashJacket]

Honest question - Where are they going to get an additional 13,000 people when they still can't hire enough people to re-open things that were closed during the Covid shutdown and subsequent layoffs?

10 years is a lot of time. Even if they started construction tomorrow, operational job shortages have multiple years to resolve themselves.

 

[Bocabear]

Does that include operating costs, salaries and maintenance? including the building of a new DVC tower at the Polynesian? Because those things together could probably add up to that number without putting in any new attractions... Over 10 years....
looks like annual operating expenses are about 8 billion...so 17 billion over 10 years is not much

 

[HauntedPirate]

10 years is a lot of time. Even if they started construction tomorrow, operational job shortages have multiple years to resolve themselves.

I realize that there's always population growth, but there's also some new thing opening up just north on I-4 in a couple of years that will require a lot of people to run.

I have a feeling this $17 billion is ultimately going to end up to be quite a bit less when all is said and done, due to "fiscal circumstances". And Bob's only around another 18 months and he's talking about 10-year plans. Taking this with a very large grain of salt.

 

[Lilofan]

Honest question - Where are they going to get an additional 13,000 people when they still can't hire enough people to re-open things that were closed during the Covid shutdown and subsequent layoffs?

The grooming guidelines were tweaked to include cast and incoming cast to openly show their tattoos to help bring in new cast to fill open positions. Who knows what more of the grooming guidelines were be more tweaked.

 

[Bocabear]

Does that number include their marketing budget, because I am sure that is also a heft number... Spending within the state of FLorida does not necessarily mean in Walt Disney World...

 

[WaltsTreasureChest]

Indiana Jones land here we go!

 

[Sirwalterraleigh]

Honest question - Where are they going to get an additional 13,000 people when they still can't hire enough people to re-open things that were closed during the Covid shutdown and subsequent layoffs?

That 1600 seems completely off.

There ain’t that much there…from a practical standpoint

And they screwed themselves on labor. Not sure they’ll ever recover. That limits their options in Florida

 

[Sirwalterraleigh]

Indiana Jones land here we go!

…it would be nice. Don’t see it though

 

[WaltsTreasureChest]

…it would be nice. Don’t see it though

Hey, cmon! What did Figment always say?

“One little spark, of inspiration
Is at the heart, of all creation.
Right at the start, of everything that's new.
One little spark, lights up for you.”

 

[HauntedPirate]

Can y’all be happy for once?

Even a fraction of $17B means major expansion at all of the parks which massively improves the guest experience.

People like @SplashZander have suggested that level of investment was likely for a while now with the people who make it their life’s point to hate on something they supposedly enjoy dissing it as not happening.

It’s as clear as day that investing in the parks is the plan now.

If there was something to be excited about, many would be. If there were examples of spending appropriate amounts of money on projects, maybe more would be excited.

As I said, I'm taking this with a very large grain of salt.