WDW to spend 2 billion on parks

[johnnycake]

Got some good info that Disney is planning on spending just over 2 billion dollars in the four parks over the next 6 years. Mk 600 million. FLE and a e ticket in tomorrow land. DAK 6
00 million for avatar land. EPCOT future world revamp withe new e ticket 400 million. Big winner DHS star wars land 1billion

 

[Cheshire Figment]

Source please! How can you be sure it is "good" information?

 

[Mickeywdw1254]

Got some good info that Disney is planning on spending just over 2 billion dollars in the four parks over the next 6 years. Mk 600 million. FLE and a e ticket in tomorrow land. DAK 6
00 million for avatar land. EPCOT future world revamp withe new e ticket 400 million. Big winner DHS star wars land 1billion

While I'm not agreeing or disagreeing with your information, be prepared to have your post torn apart because you said "got some good info". Normally this only occurs if you use the words confirmed, official or guaranteed. You will be told that unless your source is Bob Iger or Walt's ghost than you don't have good info and hearing info from a Disney bus driver or any other CM for that matter doesn't make the info "good".

 

[twebber55]

Got some good info that Disney is planning on spending just over 2 billion dollars in the four parks over the next 6 years. Mk 600 million. FLE and a e ticket in tomorrow land. DAK 6
00 million for avatar land. EPCOT future world revamp withe new e ticket 400 million. Big winner DHS star wars land 1billion

hard to believe they would spend 2.6 billion but man i hope you re right

 

[Tonka's Skipper]

With Iger on the way out, I don't doubt for a minute they will be spending big money on the parks.

It this is rumor or fact, only time will time.

AKK

 

[johnGorski]

There is no way TDO would slap that kind on $$ down.

 

[mm1971]

We can only hope it's true at this point. There certainly seems to be a lot of buzz around about them spending money on the parks. Where and what seem to be the big options.

I do see the theory behind needing to do some updating to compete with all the new attractions at US/IOA. I still see them as different experiences, but if they want to continue the increases they are seeing in attendance, something will have to be added.

 

[Hoodie]

One hopes.

 

[Castle2Castle]

hard to believe they would spend 2.6 billion but man i hope you re right

The expansion project at Disneyland's California Adventure to remodel Buena Vista Street and add Cars Land had a price tag of I think $1.1 billion. So if Disney World were to undertake big projects at each of the four existing parks, a $2.6 billion price tag wouldn't be that excessive.

But however appealing the thought of such projects is, without a reliable source to point to it's just another rumor.

 

[Mickeywdw1254]

Nice to see actual discussion taking place though.

 

[TuneTownMagic]

I'm wondering about the Future world revamp you are suggesting. What specifics did you hear about this? And who are your sources, if you don't mind my asking?

I'd love to see all of these things happen at the parks.

 

[Horace Horsecollar]

Mk 600 million. FLE and a e ticket in tomorrow land. DAK 6
00 million for avatar land. EPCOT future world revamp withe new e ticket 400 million. Big winner DHS star wars land 1billion

$600 million (MK) + $600 million (DAK) + $400 million (Ep) + $1,000 million (DHS) = $2.6 billion.

$2.6 billion over a 6-year period = $433 million per year. That's not an unreasonable or unrealistic number. And it includes Avatar Land, which is already underway (in the form of moving the Festival of the Lion King).

Consider that over the past 6 years, the Disney Parks & Resorts business segment spent many billions on the DCA re-do, two mega-ships for DCL, Aulani in Hawaii, DVC resorts at WDW, and the new Fantasyland at MK.

I seem to recall that Disney Parks & Resorts capital spending is around $1 billion per year. In recent years, the parks at WDW have not seen major spending, with the exception of MK. It's time for them to catch up.

Even if the Disney Parks & Resorts business segment spends an additional $200 million per year for the parks in California on top of $433 million per year for WDW, Disney could actually be cutting back on capital spending.

I'm not saying that the OP's rumor is absolutely accurate, but it's realistic. I wouldn't dismiss it just based on the numbers. Chances are that Disney wants to make big announcements at the D23 Expo, so we'll know a lot more then.

 

[anthony2k7]

The budget for nextgen was rumoured to be over 1 billion - so that doesnt leave that much for everything else.

 

[Horace Horsecollar]

The budget for nextgen was rumoured to be over 1 billion - so that doesnt leave that much for everything else.

Good point. I didn't even include NextGen/"My Magic Plus" in my list of spending over the past six years.

Most of the big projects over the past six years were made under Jay Rasulo's leadership of Disney Parks & Resort. Although Thomas Staggs has been Chairman of the Disney Parks & Resorts business segment since January 2010, the pipeline was full of projects initiated under Rasulo's watch. In the next six years, we're going to see how Staggs sees the future. It's telling that Staggs pulled the plug on Rasulo's plans to spend Disney Parks & Resorts capital on a Disney hotel near Washington, DC. Let's hope that means a focus back on the six Disney parks in the U.S.

 

[sachilles]

I think what is a likely motivator is that domestic tourism spending saw a pretty big increase this year, and it's projected to go up or remain steady.

So it's likely the purse strings might loosen up a little.

 

[skier_pete]

Lots and lots of rumors floating around about Carsland/Star Wars land at DHS. I am not sure it is as big as you are saying, but that would be awesome. All the parks need a little something, something.

 

[anthony2k7]

Good point. I didn't even include NextGen/"My Magic Plus" in my list of spending over the past six years.

Most of the big projects over the past six years were made under Jay Rasulo's leadership of Disney Parks & Resort. Although Thomas Staggs has been Chairman of the Disney Parks & Resorts business segment since January 2010, the pipeline was full of projects initiated under Rasulo's watch. In the next six years, we're going to see how Staggs sees the future. It's telling that Staggs pulled the plug on Rasulo's plans to spend Disney Parks & Resorts capital on a Disney hotel near Washington, DC. Let's hope that means a focus back on the six Disney parks in the U.S.

Not only NextGen, there is also the Grand Floridian DVC project. Plus there is Disney Springs which seems to definitely be happening this time and is potentially a huge project - almost a complete rebuild of downtown Disney. On top of that there are the other rumoured DVC projects which seems very likely.

I cant see Epcot or MK getting anything big new in the next 5 years.

 

[SpaceMtMan]

if this is true...

awesome

 

[johnGorski]

Seems like with annoncements high level Disney executives contradict statements
Interesting fact a Disney executive comfirmed no upcomming star wars or cars land. Again remember last D23 most were thinking cars land or TL expansion announcement and jay russo said no more major theme park spending, then a few months after that way out of the left Avatar land. Another thing too FLE grand opening a interview Tom Staggs said we have lots major projects in the works in centeral Florida including Avatar land. Its making it more fun and a challenge to speculate

 

[Horace Horsecollar]

Seems like with annoncements high level Disney executives contradict statements
Interesting fact a Disney executive comfirmed no upcomming star wars or cars land.

If you're referring to DISboards thread, Confirmed, official announcement - no official announcement about Star Wars Land!, keep in mind that it links to a TV news site article, Disney World: 'Nothing to announce' about 'Star Wars Land'.

A reporter asked WDW spokesman Bryan Malenius to confirm the rumor about Star Wars at DHS. The spokesman's reply included, "We ... have nothing to announce at this time."

I would expect any Disney spokesperson, executive, or Imagineer who knows what will be announced in August to answer a reporter's question this way -- regardless of whether or not a Star Wars Land is coming to DHS.

That's not the same as a Disney executive confirming no upcoming Star Wars Land or Cars Land, denying that such plans are in the pipeline of unannounced projects.