Post #744354 by Loki-Tiki on Sat, Jun 6, 2015 9:32 AM

I don't know why Disney would be cutting budgets. The theme parks are supposedly doing very well.

See this article.
http://www.reuters.com/article/2015/02/03/us-disney-results-idUSKBN0L72HG20150203

In particular this:

Operating income at Disney's parks and resorts rose 20 percent to $805 million in the company's fiscal first quarter, ended Dec. 27 [2014], when more people visited its parks in the United States. They also spent more on tickets, merchandise, food and drinks.

Income rose TWENTY percent. That is huge.

That is exactly why. The thinking goes, if income rose twenty percent while investing nothing, imagine how much we'll make investing even less. The thing is, they know people will come, no matter what. So the mindset becomes "well no need to do anything, just sit back and let the profit roll in." The problem is it just comes back later, and it's much more expensive then just maintaining your infrastructure in the first place. But that's the next administrations problem (reminds me of the Bush Administration, but that's a different conversation).

As with the Pressler era, he ran DLR into the ground until his departure. When the next person came in, Matt Ouimet who was VERY good, an extraordinary amount had to be spent to repair the place and get it ready for the 50th Anniversary.