Waterstar Orlando Project

[lazyboy97o]

Correct, they sold off some property to be developed into the final village in Celebration and bought more land behind celebration to make up for it.

They’ve sold off more than just down by Celebration.

 

[castlecake2.0]

They’ve sold off more than just down by Celebration.

That’s also true

 

[roj2323]

It's a $100 upcharge for a M&G with me.

I'd actually pay that. I'd love to meet you in person. We've been chatting for years after all.

 

[cjkeating]

Does anyone have an update on this? I came to this thread to try and find out how tall the buildings closest to AKL are going to be?

 

[peter11435]

Does anyone have an update on this? I came to this thread to try and find out how tall the buildings closest to AKL are going to be?

Too tall

 

[UNCgolf]

Too tall

This was an unforced error by Disney, right? Didn't they either choose to not purchase this land or formerly owned it and sold it? Or am I thinking of something else?

 

[roj2323]

Since no one else did an overlay, I made one.

 

[peter11435]

This was an unforced error by Disney, right? Didn't they either choose to not purchase this land or formerly owned it and sold it? Or am I thinking of something else?

I’m not 100% certain but I don’t think they ever owned this property. I think Disney’s biggest error here was building so close the property line.

 

[UNCgolf]

I’m not 100% certain but I don’t think they ever owned this property. I think Disney’s biggest error here was building so close the property line.

Yeah, I don't think it was that they ever owned the property -- I think it was that the property was up for sale not that long ago and Disney chose not to purchase it. I'm sure they would have had to pay a premium, but if they'd really wanted it money wouldn't be an issue. And they should have to protect their best resort.

 

[danlb_2000]

Here is a picture from Google Earth from April 2022.

 

[Rteetz]

I was at AKL last month. You can see the tops of the buildings over the trees.

 

[UNCgolf]

I was at AKL last month. You can see the tops of the buildings over the trees.

I'm really surprised Disney didn't buy that land to prevent this.

 

[GimpYancIent]

I'm really surprised Disney didn't buy that land to prevent this.

Surprised but not surprised, just a quick look at the Disney management and their decisions gives a good clue.

 

[LSLS]

I'm really surprised Disney didn't buy that land to prevent this.

When was the land purchased?

 

[UNCgolf]

When was the land purchased?

It was sold for $3.5 million in 2019. Hard to believe Disney didn't buy it to prevent this. That's pocket change for Disney.

 

[LSLS]

It was sold for $3.5 million in 2019. Hard to believe Disney didn't buy it to prevent this. That's pocket change for Disney.


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Then yeah, not surprised at all.

 

[pdude81]

It was sold for $3.5 million in 2019. Hard to believe Disney didn't buy it to prevent this. That's pocket change for Disney.


View attachment 698142

I'm curious what the list price was, assuming this was put on the market and not just a private transaction.

 

[UNCgolf]

I'm curious what the list price was, assuming this was put on the market and not just a private transaction.

Seems pretty unlikely it would be a private transaction, but I suppose you never know.

 

[castlecake2.0]

Some bamboo trees in the right places should help hide most of it, the more annoying thing is the tacky sling shot ride at margaritaville towering above the tree line.

Also curious if Disney ever had the option to buy the land.

 

[UNCgolf]

Some bamboo trees in the right places should help hide most of it, the more annoying thing is the tacky sling shot ride at margaritaville towering above the tree line.

Also curious if Disney ever had the option to buy the land.

Hard to imagine they didn't, unless it was a private transaction as mentioned above. But there'd be little reason for anyone to do a private transaction and leave potential money on the table unless the previous owners of the land are connected to Waterstar.