(05-30-2023 01:24 PM)DavidSt Wrote: (05-30-2023 12:52 PM)mlb Wrote: (05-30-2023 12:42 PM)DavidSt Wrote: If Disney packs up their theme park, their hotels and all that and the lost of tax dollars by the city? UCF would wind up being stuck for the bill as the city of Orlando would be destroyed thanks for the war between Disney and the Governor. I am not going into the politics of that issue, but UCF is caught in a rock and a hard place right now.
Do you honestly believe they will walk away from billions of dollars of infrastructure? Not a chance. They may choose to invest new money elsewhere, but they aren't walking away from any of the Orlando parks.
The city and state already lost a lot of money and jobs that Disney canceled the plans. You don't ever know what Disney would do.
The most recent Disney park (built in Shanghai in 2016) cost $5.5 billion to build. And that was with partial Chinese ownership (which lowered construction costs by cutting through red tape).
Disney World has 4 parks that are each comparable in size to Shanghai Disney. That's a minimum of $25 billion in 2016 dollars. Add in the 25% inflation since 2016, and that's $31 billion.
There's also 22 Disney-owned resorts with over 30,000 rooms. Disney's newest resort cost $300 million in 2019, and it is one of the smallest Disney resorts (at only 300 rooms). So figure $1,000 per room; that's another $30 billion.
That's $60+ billion just in parks and hotel rooms, without any accompanying infrastructure.
Disney's entire stock value is $162 billion.
There's also a large shopping mall, the ESPN wide world of sports complex, 2 water parks, and all the infrastructure to support it (roads, Monorail, Skyliner, boat transport, utility construction, police, fire, etc). And they'd never be able to recreate it because they'd have to find 25,000 contiguous acres within a short commute of a Southern city large enough to supply 77,000 workers.
And then what would they do with the old parks? Leave them to rot? Or sell them to another operator? Neither option is attractive.
It simply ain't happening.