Will Disney World Actually Open Next Month?
Walt Disney's (NYSE: DIS) master plan to have all of its theme parks open by mid-July is now on hold. The original Disneyland resort in California announced on Wednesday afternoon that it will not reopen its two gated attractions by its originally planned July 17 resumption date. California has indicated it won't be issuing reopening guidelines for theme parks until sometime after Independence Day, giving Disney little margin for error in bringing back employees for a mid-July date that may not be cleared by government officials next month.
All eyes are naturally turning to Disney World in Florida. It expects to open two of its four parks on July 11, with the other half following four days later. Will Disney pull the plug on that restart, too? With new coronavirus cases spiking in Florida and California -- hitting records on both coasts -- is this going to be a lost summer for the House of Mouse in its home country?
Let's not read too much into one resort's actions.
Source Fool.com
