In every country, in every state, proper transportation is one of the key elements that fuels growth. It is for this reason that Walt Disney Co (NYSE:DIS) World has resorted to making several improvements, which will ensure ease of movement for vehicles. In the next couple of years, the traffic snarls at the Magic Kingdom parking entrance, and the fender splurges with buses will be a thing of the past.
Apparently, the need for improved infrastructure was one of the many things that President-elect Donald Trump promised to attend to once he took over the office. In fact, many voters backed a possible tax increase that will enable the expansion of light rail, commuter rail, and bus rapid transit service. According to the director of the Center for Transportation Excellence, Jason Jordan, a majority of voters approved referendums to heighten the expenditure of more money on transit.
But how will the Disney government employ its strategic move?
Reedy Creek, the Disney-controlled taxing district will run the show. There a scheduled vote for next month that is expected to approve the issuance of $80 million in bonds for the construction of a third Disney Springs parking garage. There are unfinished projects that have already obtained an approval of $350 million and which are expected to be completed by 2018. John Classe, the Administrator of Reedy Creek District says the move is in an attempt to reduce left turns and illegal U-turns that have resulted in minor collisions with Disney buses.
He adds, “The third garage is a way to kind of minimize some of those conflicts. Either way, you come to Disney Springs, either from the west or the east; you’ll have a chance to turn right into a parking garage.”
Other projects will follow soon after
The Disney government is not only into the transport industry. It will later spread its wings into other areas. It is all about what makes life easier and safer. Walt Disney Co. Chief Executive Officer Bob Iger believes that there is the need to build more hotels. The likes of Rival Universal Orlando have already presented a possibility of building its sixth resort. In fact, Duncan Dickson, a former Disney executive argues that more hotels could eventually lead to the building of a fifth Disney theme park, which many people are still skeptical about.
There is also the likelihood of a flyover taking World Drive over the Magic Kingdom toll plaza. It will benefit travelers heading to hotels such as the Contemporary and Polynesian. Disney’s stock was trading at $98.82 an increase of $0.56 or 0.57%.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.