Yeah, I think a billion was the number a heard. But, then again, the word is they are over budget. I think once again, though, the New Fantasyland project gets downplayed on these boards. Put side by side, New Fantasyland is every bit as big as Wizarding World and bigger. Combine that with the DVC, Avatarland project getting started, new location for Festival of the Lion King, and all the other projects that get no attention, and it's easy to see Disney is spending a TON of money on their parks.
Logic is semi flawed here. New Fantasyland has brought one new ride(not yet opened), a replica ride, And stores at the end if the day. Festival of the lion king is not going to be new just in a new spot. Dvc isn't investing in the parks, and avatar land the jury is still out on and is taking forever. The issue is the amount of time it takes to get these projects done. New fantasyland may be as big in size as the wizarding world, but the wizarding world is a completely different land that really can't be compared. The universal/Disney debate isn't as black and white as this. The issue with Disney is investing in the wrong areas in my opinion. My magic+ is a billion dollar investment that the reasoning behind it and benefit added is questionable at best at this point. Just look at lines for fast pass+ and the fp+ kiosks. A 5th park(back to original topic) would help crowd control, but wouldn't address the issues in the parks right now. Disney IMO should focus on recreAting the quality in it's parks, save for MK. HS and Epcot should be their focus now as they need the most work.