FYI, Tom Staggs is the Chief Financial Officer for The Walt Disney Company. (Basically the number 2 man in charge of the entire company).
The company will likely increase capital spending to beef up its lagging second park in California, Staggs said.
Disney's California Adventure opened in 2001 next door to Disneyland and has been a disappointment to the company, which has steadily added attractions to the park. Disney is not likely to open any new parks in the United States in the foreseeable future, Staggs said.
So this is the first "Official" acknowledgement of the major DCA overhaul.