roj2323
Well-Known Member
I recommend reading a dictionary.
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News Walt Disney Company plans to spend $17 billion at Walt Disney World over the next ten years
- Thread starter wdwmagic
- Start date
Coaster Lover
Well-Known Member
- In the Parks
- No
That's how you bank roll fixing the Yeti... fix the animatonic, but keep it in B mode through most of the day... the last two hours the park is open, turn on A mode but make the ride only accessible via a $25 ILL...
flynnibus
Premium Member
Well Iger's PR got exactly what it was intended to do... make people realize Disney's machine puts a lot of money into Florida and get people excited about Disney. Problem.. this is all just PR to build the public perception of Disney's importance to Florida and not just historically.
Not sure why people keep acting like this means 17 billion of NEW and/or additional investment.. they 'spend' in a lot of ways
Not sure why people keep acting like this means 17 billion of NEW and/or additional investment.. they 'spend' in a lot of ways
Well Iger's PR got exactly what it was intended to do... make people realize Disney's machine puts a lot of money into Florida and get people excited about Disney. Problem.. this is all just PR to build the public perception of Disney's importance to Florida and not just historically.
Not sure why people keep acting like this means 17 billion of NEW and/or additional investment.. they 'spend' in a lot of ways
While this will definitely involve some kind of new construction, someone somewhere on here noted that $17 billion of capital construction keeps them just barely on pace with the book value of capital assets on property as years pass and depreciation expense accrues. It's definitely not "we're here to take WDW to the next level" but moreso "we are not completely leaving the property to rot like we did for most of the 2000s".
Coming from someone who uses the word fascist to describe every politician they don’t like.
doctornick
Well-Known Member
Sure, but it seems like it is slight more per year spend than recent years. And I’d argue that just continuing the pace they’ve had since 2017 (when Pandora opened) would be pretty reasonable with basically 1-2 new attractions a year including a new land every few years. And that’s certainly doable with ~$1.7B a year even if some of that money goes to refurbs, infrastructure (roads, entrances, etc), new or undated hotels/DVC, etc.
jmuboy
Well-Known Member
I think when capex at WDW in the years of 2012 to 2022 is averaged out (and adjusted for inflation )the projected 17 billion capex for the next 10 years is like 600 million more a year.
flynnibus
Premium Member
People also assume they mean capex too… the statement is vague enough it could include normal opex and even labor.
The point is made that disney represents a ton of hard money in Florida… won’t you be our friend?
Indy_UK
Well-Known Member
If in the next 10 years they added capacity equivalent to Galaxy’s Edge, Toy Story Land, Pandora and all the attractions they build in the last 10 years to WDW I will be more than happy.
Problem previously thought that most of what they build was just replacing old capacity that was lost. Hopefully this isn’t the case going forward.
MK just needs the Mainstreet theatre and what’s behind thunder mountain added
doctornick
Well-Known Member
Exactly. If they could just build the equivalent of what they done over the last ~6 years and do it as additions rather than replacements, it would really improve WDW and only use a fraction of the proposed $17B. Not all of that money - should it even happen - needs to go to new rides/park development to be significant.
But they thing is not just closing and replacing stuff. All the parks need more attraction (and dining etc) capacity.
Door Coaster
Well-Known Member
Side note - if they ever brought that back they'd need to put it elsewhere because the plot they originally wanted to use is a non-starter due to what's in the ground there.
Indy_UK
Well-Known Member
What is in the ground there? Meg Crofton?
bpiper
Well-Known Member
Is that where they buried the subs?
doctornick
Well-Known Member
If they ever were to actually build on the north side of the RoA, the perfect place for an indoor theater like that would be just north of Haunted Mansion. You could easily design the outside of the building to fit with a Colonial style architecture. And there’s a thought that that area might venture too close to the fireworks fallout to be used for outdoor stuff but a large fully enclosed building would be safe.
SplashJacket
Well-Known Member
This effectively equates the $17 billion announcement to DisneylandForward, which was a move to gain favor from local government.Well Iger's PR got exactly what it was intended to do... make people realize Disney's machine puts a lot of money into Florida and get people excited about Disney. Problem.. this is all just PR to build the public perception of Disney's importance to Florida and not just historically.
Not sure why people keep acting like this means 17 billion of NEW and/or additional investment.. they 'spend' in a lot of ways
Main difference is this was announced in a shareholder meeting, not through a general audience publicity piece. This was a message to shareholders that they intend to expand their theme park business. As an added bonus, may do their political biddings, but this isn’t just a puff piece.
KeithVH
Well-Known Member
Can I say one last thing about the da_n Yeti? Every time I see the statements about it, I get irritated.
<rant on>
OK. Any mechanical engineer, even right out of college, who aced Kinematics and Dynamics and really paid attention in Mechanics of Materials knows HOW to fix the Yeti. You can easily calc the forces involved and figure out what you need to re-manufacture to prevent the problems currently being experienced from occurring. A good engineer will also be able to design the jigs needs to fab the replacement items. Yes, money comes into it but, considering what we're talking about, nowhere near any limit that the company can't overcome.
That leaves us with two states, either the forces involved dictate materials to be used that are not available, or Disney just chooses to not give a flying ____ about fixing the system. I rarely believe in uncorrectable issues so why won't everyone just accept their concerns about this device just aren't in line with TDO's desires?
<rant off>
Thanks. Everyone can now go back to deciding how they know so much more about Disney can and should spend money than Disney themselves.
<rant on>
OK. Any mechanical engineer, even right out of college, who aced Kinematics and Dynamics and really paid attention in Mechanics of Materials knows HOW to fix the Yeti. You can easily calc the forces involved and figure out what you need to re-manufacture to prevent the problems currently being experienced from occurring. A good engineer will also be able to design the jigs needs to fab the replacement items. Yes, money comes into it but, considering what we're talking about, nowhere near any limit that the company can't overcome.
That leaves us with two states, either the forces involved dictate materials to be used that are not available, or Disney just chooses to not give a flying ____ about fixing the system. I rarely believe in uncorrectable issues so why won't everyone just accept their concerns about this device just aren't in line with TDO's desires?
<rant off>
Thanks. Everyone can now go back to deciding how they know so much more about Disney can and should spend money than Disney themselves.
flynnibus
Premium Member
Nah - this was a response to a question (although obviously prepped for). This is using a public venue to make a PR pitch without having to put out a direct statement just about this. It’s exactly how disney has been playing this… cool hand luke just putting it out there without trying to make a fuss about it. It’s just sly PR maneuvering. Let desantis flail around and disney looks cool, collected, business as usual, and we are really good for Florida…
Disney from the get go has been trying not to have a high profile tit for tat. This fits that playbook. ‘I’m just gonna leave this here…’
Tom P.
Well-Known Member
Even so, you can't just make crap up when speaking to shareholders at a shareholder meeting. Sure, plans can change. But if they said it publicly to shareholders, it is expected that they mean it.
I've heard Disney isn't happy with the loss of control of the RCID assets, and much of this money is going to go towards acquisition of the RCID assets that Disney has deemed critical to control, such as parking garages, roads, and bridges. Not only do they need to cover the cost of those facilities to acquire them, they also need to budget for the annual property taxes for owning them, as they will no longer be tax exempt. This likely explains all of the increase over their normal expenditures, we aren't getting new lands with this money which is why they didn't announce anything like that.
It's basically building a new skeleton, but doing it right. Which costs money, and different departments argue about who should eat the cost.
BUT... they can't put the Yeti back exactly as planned. Since the ride was built, safety standards for a wildly animated ton of machinery to take a swipe at you has tightened.
So, it's just not fixing the Yeti, or rebuilding it correctly, it's finding a whole new choreography that meets heightened safety standard. Which makes this a complete rebuild and reconfigurement, with all the accompanying testing.
And that makes the cost significantly higher than just re-engineering a few levers.
What expansion of DAK are you willing to give up to make that happen?