Can somebody please explain to me why this is so bad? I don't see where Disney is selling any land, but maybe I missed something.
If Four Seasons is building on Disney property, why is this any different than the Swan & Dolphin hotels?
I also don't see any mention of timeshares or competition for DVC. I believe fractional ownership housing is a bit different.
MG
It is the same as the Swan and Dolphin. But the S&D were only built as on-property independent hotels because the deal was in place and they couldn't get out of it.Can somebody please explain to me why this is so bad? I don't see where Disney is selling any land, but maybe I missed something.
If Four Seasons is building on Disney property, why is this any different than the Swan & Dolphin hotels?
I also don't see any mention of timeshares or competition for DVC. I believe fractional ownership housing is a bit different.
The team of Michael Eisner and Bob Iger have now managed to sell off more than a third of the Walt Disney World's land.
Almost all of the land south of US 192, the town of Celebration the surrounding land, was sold off when Disney bailed on this project. The land for the Four Seasons, time shares and tract homes will also be sold off. Just Celebration alone is near 30% of the Walt's property. The rest and minor other sales that have been going on for years have now pushed things over a third according to some good estimates.Disney has not sold any land for the 'western' project.
Some quick notes:
It's long been rumored that Disney wants to partner-up with an outside company for the expansion of DVC and Disney Resorts. Everyone had assumed this was going to be Marriott (Disney has tried to sell all the WDW resorts to them in the past). This is the first I've heard of Four Seasons being around.
Why does Disney want to sell land to people who want to build low-end motel rooms while half of Disney's Pop Century sits rotting in the sun? Is Disney now giving up on the low end of the resort business? Is there that much demand for motel rooms? And then why not finish Pop?
The Four Season development - hotel, time shares and vacation homes is exactly what the old Disney Village Resort (e.g. Lake Buena Vista Resort) was designed to be. But they ripped it out for the moronic Disney Institute, then turned it into DVC.
And the western development sounds like another Hotel Plaza & Crossroads Center.
The team of Michael Eisner and Bob Iger have now managed to sell off more than a third of the Walt Disney World's land.
Selling off another giant piece of WDW to another outside company is interesting and desperate. Giving away the high end of the market is interesting and desperate. Allowing competitors to build thousands of motel rooms while thousands of rooms at Pop Century sit unfinished is interesting and desperate. Rushing out all these press releases about expansion off property, the cruise line and WDW is interesteing and desperate.
So when is the other shoe going to fall?
Yes you are. In the original master plan that land was going to be used for a regional airport. Later is was to be a high tech industrial showcase. Then it became Celebration which was supposed to be Disney forever. Then the company sold out the residents for a couple extra bucks. The press announcement itself says the land will be de-annexed from RCID - that's why they're making the early announcement. The land for the western expansion will remain Disney property, but WDW is will build a fake "gateway" so that it looks like it's outside WDW proper.Am I wrong??
Because you're not paying attention. By giving this land away to other people Disney is saying two things: "people can run WDW better than we can" and "we're in this for a quick buck rather than the future".I just don't see this as a big deal.
Not necessarily. Perhaps it does for the legalize type stuff, but not always from a actuallity standpoint.And fractional ownership=timeshare.