WDW to turn over golf course operation to Arnold Palmer Group! - PassPorter - A Community of Walt Disney World, Disneyland, Disney Cruise Line, and General Travel Forums
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It's not surprising that the deal goes into effect before October 1 (September 25). Disney's fiscal year ends on September 30, so if they close an operation or make other changes that would result in a tax loss and/or make the numbers on the annual report look better, they have an incentive to get it done by then. September 25 is the anniversary of the closing of the clubs at Pleasure Island (give or take a day). Coincidence? I think not!
Overall, this seems like a very good move for Disney. Like their deal with Four Seasons, it allies Disney with another name that has great upscale cachet. In an economy where the middle class is getting smaller and the rich are getting richer... they have to follow the money.
Having Arnold Palmer's name (as designer) attached to WDW's signature golf course, the Palm, is almost enough reason to do the deal. It'll raise the profile of the annual pro tournament, and definitely sound good whenever they promote/market golf at WDW. That'll have value long after the 20-year contract expires.
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I read this yesterday as well and think it's a great move. I also agree with Dave that with Arnold's name attached, it will raise the attention of the tournament to include more high profile golfers. I don't know if many PP's follow the PGA, but usually not too many big name guys play in this tourney. I also noticed they changed the dates for it this year and it's back to October again (it was in November last year, and I'm pretty sure the few years prior as well). I'd love to go see Rory or Bubba playing on the Magnolia course! Sounds like a trip in the making.....
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Sounds like a very good investment deal. Hopefully they will not increase the greens fee's, or at least not too much
Based on the report in the Orlando Sentinel, part of Disney's problem has been the heavily-saturated market for golf courses in the area. I think the goal here is not to raise prices (at least not in the short term), but to make the Disney courses more attractive/competitive - a better value for the same or similar money ("I played an Arnold Palmer course" sounds a lot better than "I played a Disney course.")
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Co-Author, PassPorter's Walt Disney World, PassPorter's Disney Cruise Line, and PassPorter's Disneyland and Southern California Attractions
A truly smart business move. As Dave points out, it will differentiate Disney's courses from the dozens (hundreds?) in Central Florida, make them a desirable destination for folks who might otherwise not consider a WDW vacation, and relieve the company of the complexities of golf course management. It also fits with the other upscale projects that have been built or are coming up on Disney property. And it's a great way to fill hotel rooms and high-end eateries. A Palmer course! I see only plusses here!
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Someone asked about DVC and Annual Pass discounts over at the Disney Parks Blog. The Disney publicist replied that those discounts would continue.
That's good news! Having SSR as a home resort with access to the Lake Buena Vista course was a plus for us. We were planning to possibly play a round this October....
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Originally Posted by disney_duke
I read this yesterday as well and think it's a great move. I also agree with Dave that with Arnold's name attached, it will raise the attention of the tournament to include more high profile golfers. I don't know if many PP's follow the PGA, but usually not too many big name guys play in this tourney. I also noticed they changed the dates for it this year and it's back to October again (it was in November last year, and I'm pretty sure the few years prior as well). I'd love to go see Rory or Bubba playing on the Magnolia course! Sounds like a trip in the making.....
We were there back in 2004 I think during the Funai Classic and Vijay Singh and Tiger both were playing. I remember because I kept teasing my DH about 'BJ'...
Davis Love III, Ricky Fowler and Rory Sabbatini all played last year's Children's.
We are down there this year during the tournament and it will be cool to see who is there.....