There are three things that, at this point, most people can probably agree on as it pertains to Walt Disney World’s Star Wars: Galactic Starcruiser. It was an incredible piece of themed entertainment, the likes of which we’d never seen before. It also was really expensive, but did not go well. The Starcruiser is shutting down in September after months of struggles, but now we know exactly how bad it all was for Disney as the company has revealed it’s taking a hit of $250 million in accelerated depreciation.
The number was revealed during this week’s quarterly earnings call for the Walt Disney Company. Accelerated depreciation means the company will be reducing its tax liabilities on the Galactic Starcruiser for the next few years, in exchange for paying more later on, but the number of $250 million is just massive. It gives us an indication of what it cost to build the Starcruiser, but it’s likely only a fraction of what Disney World actually spent since one has to believe that the closure was due to costs of operation exceeding revenue.
