Originally Posted By leemac ^^ I haven't looked at a DVC contract for awhile but I thought that there were "management fees " (and probably licensing fees) in the maintenance charges that would have a profit element. The majority of the annual dues do go to upkeep though. I can't recall what happens to common space though like the BoardWalk reception etc. I presume the dues cover an element there too (as opposed to the Inns taking the full hit).
Originally Posted By leemac <<And in Paris, they have sold off most of the land they had bought. It kept them afloat this year, but what will happen next, especially as the newly elected British government are trying to kill the Middle classes in there deficit balancing measures that is trying to also kill the world class socialist structures that have been developing for 75 years. But I digress.>> Leave the hyperbole behind. EuroDisney has not sold off "most" of the land. In fact that they adding land under the new agreement.
Originally Posted By HokieSkipper ^^^I thought that was the case. I mean aren't hey planning a new park and a water park?
Originally Posted By vbdad55 That's the cookies, for you...It knows you are talking about it. And it knows that marketing works on you, too. ;-) ---- having spent 33 years in a company that trains it's marketeers like none other- invented the term FUD -etc..I am likely the toughest sell marketing wise you'll meet.
Originally Posted By vbdad55 If you stick to Spirit's time frame of post 2001, the point is much clearer. And I think this decade has been the one of most notable decline, without much debate, correct? ----- gotta be honest, I would call it more the greates period of inactivity ( or meaningless activity) more than decline..and I do agree it is never good to let time stand still
Originally Posted By leemac ^^ Yup - the government have basically asked them to continue to manage the development of Marne-la-Vallee (the new town suburb where DLRP is situated) and have put more land into the new agreement. EuroDisney has been very successful at developing the land from residential to office space to commercial.
Originally Posted By vbdad55 I do believe that taking everything into consideration, and it pains me to say it, but DAK likely shouldn't have been built ... at least as it was and in that timeframe. Of course, I'd never tell Joe Rohde that ... and I love it so much, but it doesn't change my mindset. Disney couldn't adequetly run, staff and maintain three parks and it went and opened a fourth ---- yet if they did nothing they would be ripped for that also -- kin of a no win don't you think? I agree it is tough to maintain a services workforce of 60,000 + and have some semblance of overall quality. How do you propose to ever fix that in Orlando ? How many people does DL-DCA employ ? In a base 4-5 times larger of population. I am not sure I ever see a solution for that issue- and staying stagnant is obviously not a positive choice either-
Originally Posted By vbdad55 >>I do think DVC is the best chance WDW has. It is a constant revenue stream and there is vocal fan base that has made much more of an investment than a fan boi in South Fla with an AP or the don't know any better pixie dust snorting Brits that are quite happy on I Drive. << I am having posters made of this quote- thanks for injecting your usual common sense here Dave
Originally Posted By vbdad55 DVCers will love it rather than face buyers remorse. --- not the reason Dave- I have explainedmany times thoseof us who bought early on had free tickets pay for our entire purchase before 200 rolled around. I bought extar points @Vero to be able to book earlier because we love the place. I did not extend my OKW points to 2055 however due to age- so not throwingmoney blindly to them.. If I had buyers remorse I would sell in a heartbeat..not hang on in denial. Have done that with anything I owned- ( hence having far t0o many cars in my lifetime) - 30+
Originally Posted By davewasbaloo >>>Leave the hyperbole behind. EuroDisney has not sold off "most" of the land. In fact that they adding land under the new agreement.<<< You have a better grasp than I Lee, but I thought the Val D Europe business district and some of the non direct property was sold off. I am glad to hear there is still development taking place. To me in some ways, Val D Europe is the closest Disney has come to achieving an Epcot of sorts.
Originally Posted By Mickeymouseclub (getting close to a Dalmations post.Needed a chuckle) Why is it more fun to discuss on LP than actually accomplishing WORK?
Originally Posted By davewasbaloo re 289 Dave, I was not referring specifically to you. But I do think that when you invest in something, it does ensure you more to it than when you do not. Maybe it's just me 8-D
Originally Posted By Mickeymouseclub Oh yeah we love Disney; hate work...I have never caught a Dalmation post but it would be cheating if I kept on discussing to control 301 Dalmations right? Anyway my first Dalmation should officially be 101. It is in the rules book!
Originally Posted By vbdad55 >>DVC does have an impact on WDW Co's ability to invest in their overall resort. It doesn't mean that a new DVC resort means that a park won't get a new attraction but it does diminish the in-berm opportunities << Leemac - first off I am in senior management at a major corporation ( larger than Disney) and have been involved with contracts and capital improvements and acquisitons for many years- so not understanding is not an issue. Ther will always be some differencs between companies but some things are goiverned by GAAP and framed by the way the company has it's individual assets accounted for. I also am poresident of a local school board that just built a $154M high school and understand how different buckets of monies can be applied and not. However the positive cash flow from DVC also impacts the companies ability to re-invest also does it not ? I understand how bottom line reallocations work within a company made up of subsidiaries and fully owned subsidiares. I also understand the separate capital proposals that have to be put forward with their own stand alone ROI projections both tactical and strategic in nature. There are also certain line items likemoney collected for maintenance of the DVC builsing I would bet is 'protected' from being moved as services type monies and commodity monies are different natures accounting wise as well. Some monies are locked where they are, no different than pension fund monies .. So while not an isolated island - there are guidelines that restrict some movement. >> DVC is fighting for cash in the same way that all other WDP&R projects are. The issue is that it is far easier to show a strong NPV from a DVC development compared to adding a new E-ticket to a park - the numbers are independent of any outside factors and easier for management to digest and approve<< and this is the correct way to approach would you not agree ? Lee, would you not agree that the positive cash input from DVC assists the overall company as well in it's financial standing with Moody's or whoever and increases it's ability to finance future ride projects at lower costs because of the equity?
Originally Posted By vbdad55 >>That is precisely why we have so many hotels down at WDW now. In the past attractions like ToT were approved "just because" - ie. it was the right thing to do for that park irrespective of whether a positive NPV could be shown. Those projects are far fewer in the current era of WDP&R.<< in today's economy Lee- if this was your family company and the jobs of hundreds of thusands of people depended on your decisions.. would you go back to the 'just because' method ? the country is in the shape it is financially because of decades of 'just because' decisions by our political and business leaders -- our kids and grandkids will pay dearly for that
Originally Posted By vbdad55 >>>>>Leave the hyperbole behind. EuroDisney has not sold off "most" of the land. In fact that they adding land under the new agreement.<<< You have a better grasp than I Lee,<< I am actually glad to hear this as my epxerience tells me when real sestate starts to be completely sold off- a major change in operations or ownership is right behind
Originally Posted By vbdad55 re 289 Dave, I was not referring specifically to you. But I do think that when you invest in something, it does ensure you more to it than when you do not. Maybe it's just me 8-D --- no , I think overall that's a true statement- for a period of time, then sometimes buyers remorse takes over and people 'fix it' one way or the other
Originally Posted By davewasbaloo >>>our kids and grandkids will pay dearly for that<<< I am more worried that our kids and grand kids are going to pay dearly if we end up in a society that does not innovate, take risks and create. Indeed I am worried that people will get left behind as the polarisation and selfishness of conservatism takes hold. Better to take risks and live than to exist and diminish in fear. Who dares wins!
Originally Posted By vbdad55 where's EE-- Dalmatians coming - I will wait to post any more until it passes
