New Additions & Expansions at Disney Parks Has Surpassed $3 Billion Record
For the first time in Disney history, new additions and expansions to the company’s parks have surpassed the $3 billion mark. Because revenue for Disney Parks and Resorts has grown 10% from the last fiscal year, Disney has been able to invest a lot of money into improving their properties. If you’re curious where their profits have gone, here’s a look at what they’ve been spending their money on.
At Disney California Adventure, the park has undergone an extensive 5 year renovation, including the addition of Cars Land. The Radiator Springs Racer attraction alone cost $200 million to create. Overall, the expansion took $1.1 billion.
The Magic Kingdom at Walt Disney World Resort has been undergoing renovations of its own – the largest in the park’s 40 year history. By the time the Fantasyland expansion is complete, the park will have spent $425 million.
Disney Cruise Line christened it’s fourth ship earlier this year. The 14-deck, 4,000 passenger Disney Fantasy took $900 million to bring to life.
Not to be outdone, Hong Kong Disneyland has also embarked on renovations of its own. Toy Story Land, the first of three additions to the park, opened late last year. The overall expansion will cost $486 million.
Finally, Disney’s Aulani Resort & Spa – the first Disney resort to open outside of a theme park – cost around $800 million to build.