Well lets see
"What was Walt's competition back then ?"
Hmm
Knott's Berry Farm, just up the road from Anaheim, had already been running as an amusement park for several decades before Walt bought his first orange grove. There was the Fun Zone on Balboa, the Pike in Long Beach and Pacific Ocean Park in Santa Monica, and another amusement park in the (back then) undeveloped west side of L.A. Universal had been offering it's studio tour and shows since before pictures had sound. For the tourist crowd there was all kinds of special Southern California attractions like Hollywood Blvd (in the days you could walk it), Farmer's Market, Wilshire, the San Diego Zoo, the beaches heck, southern California was already pretty big tourist destination before Walt built his castle (even Lucy and Ricky came out here).
It wasn't that Walt lacked competition he simply made a better place and beat them at their own business.
"It's not as easy to "WOW "us today with IASM."
Actually I've heard that when you account for inflation and such, the development of 'Pirates of the Caribbean' cost over nine times what it cost to develop 'Mission: Space'. It wasn't cheaper or easier to "WOW" people back then it was just different.
"Do you think Walt could possibly put together a 47 sq mile land deal at the dirt cheap price he got WDW for ?"
I actually know an individual that owns a chunk of land bigger than that (Hollywood connections you know) and it's real under the radar. Besides, didn't Disney buy an entire
island recently for their cruise ship? And given the weekly posting of "Disney's building in Texas/Nebraska/Your State Here" rumors on this very board there's no reason to think they couldn't easily find a similar plot of land today. Yea the country club set of Virginia might not wanted Disney, but I'm sure the Chamber of Commerce in Deer Tick, New Jersey would be more than willing to help with the purchase (and Orlando was less than swampland when Walt bought in he had confidence people would come to his place; Eisner needed to highjack them from an existing tourist center).
" Do you think any state would give him the authority to be his own little country the way Florida did back in the '60s ?"
Perhaps because people trusted Walt Disney. All they see from Michael Eisner is that's he's trying to cheat a widow out of royalties from a cartoon bear, that he siphons hundreds of millions of dollars into his vast personal fortune (Hey, he got five million the same year they laid of thousands of employees to save costs), and keeps being voted as one of the worst CEO and one of the worst boards in the country. Walt was an entertainer who created magic; Eisner is a business out to take your money. It's not surprising people treat them differently.
" From what I've read, opening day at DL was a nightmare. Would a park survive a similar opening today ?"
Actually the opening day was broadcast on live television to the entire country (two full hours). All the problems (and there were plenty) flooded into living rooms across the country. And the newspapers in town breathless reported every problem of that day. Then again, Walt didn't have his own broadcast network, news organization, magazines, cable channels, radio network and pixie fans flooding the Internet with breathless accounts of how "magical" everything was.
Disneyland survived not only because it was different, but because it was
good.
Yet all the controlled media and all the orchestrated press and all the internet cheerleading and all the synergy couldn't get anyone to go to California Adventure despite its flawless opening. Again it's quality that makes the difference, not the circumstances.
" Mistakes could be corrected before it was plastered all over the internet. Everything he'd do today would be scrutinized to the 'nth degree."
Funny, I can't recall them building a bad 'Haunted Mansion', opening it to a poor reception and then secretly closing it before anyone found out about it. Nor do I remember then putting out a movie and then quickly pulling if back from theaters to fix it before anyone noticed. You see, that's the funny thing about entertainment there aren't a lot of second chances to make the first impression. All the internet has done is speed the buzz that already existed. The secret is not the make mistakes in the first place (say, the 'Imagination' redo).
" Before my boss passed away several years ago he commented to me that it just wasn't fun anymore to own a business."
Well Walt dealt with the guilds in Hollywood, the censors from Washington and each and every special interest group you can possibility think of (there was a religious group in the 1940's that tried to get Donald Duck banned as immoral; he didn't wear pants we won't even get into
Song of the South). You think the government is intrusive wait till you have to slip some extra dough under the table to both the unions and the pressure groups. Business was no easier then than it was today.
Besides, Walt never had the money to pour into campaign funds like Eisner has flooded Washington with (what you don't think Congress changed the public domain laws just because they thought it was a good idea did you?). Nor did Walt get tax kick back from the states (did you know that the sales tax you pay in WDW doesn't all go to Tallahassee?), the ability to issue tax free bonds (the good citizens of the state of Florida paid for your ability to flush a toilet in WDW), nor did Walt have the city of Anaheim pay for the infrastructure at Disneyland (but all the roads and parking for DCA comes out of my taxes now).
And far from being the victim of government, Eisner doesn't seem dissuaded from using it on behalf of himself. From is early attempt to make VCRs illegal (the Supreme Court told him no) to his current battle to regulate the Internet, tax blank CDs & DVD, and place government monitoring software on the your very own personal computer (the one you're staring at right now) Eisner doesn't seem much concerned about rules and regulations making things "just not fun anymore" when he thinks it will give him a few more coins.
" I don't know what the CM's get paid to keep smiling when some idiot is demanding PAP's for the entire family because his Coke had too much ice in it, but it ain't enough."
Before Eisner showed up I had a guy try to land a right hook on me when I caught him wandering around one of the rides (out of his vehicle). Talk to any cast member from any time period, you'll hear the same stories none of the circumstances have changed.
" Would Walt even be able to get the financing he'd need to put 24 carat gold plating on castle spires or crystal chandeliers in restaurants"
It was always a massive struggle and led to so much conflict between the Disney brothers they could for months not speaking to each other. Walt didn't have to deal with Wall Street, he had Bank of America to deal with. He didn't have the easy junk bonds, the ability to bribe stock analysts to giving good rating (how many free rooms at the Grand Floridian did Merril Lynch get?) or the ability to show up on a 24 hour business news channel to paint bright and cherry pictures about how wonderful the future looked. He had to
prove to a roomful of bankers that his crazy idea was going to make profit. Eisner gets to sit on television and tell the world he has no idea what makes a hit movie and no one notices (gee
maybe people finally are catching on about the dip).
Walt certainly didn't have the ability to borrow the
$15 billion that Eisner has on the books today. And what has Eisner got with all that cash
Go.com, Fox Family and Tiger Woods? Nor did Walt have the luxury of losing several hundred million dollars on lease for jetliners. Makes you wonder who had an easier time rasing money - they guy who sold his life insurance policy to build the the Mark Twain riverboat or the guy with a corporate jet waiting at Van Nuys airport just in case he wants to jet to New York for dinner.
So there you go probably more specific than you wanted but it's all to prove one point:
IT'S HOW YOU RUN THE BUSINESS, NOT WHEN YOU RUN IT, THAT MAKES ALL THE DIFFERENCE