Ko Olina developer Jeff Stone is quoted in the Honolulu Advertiser stating that the Walt Disney Company will spend $1 billion dollars on the resort complex they recently announced.
"This is an incredible feat for the state," said Stone. Disney is not only one of the largest companies in the world, it is the single largest entertainment company with 132,000 employees and grosses more than $35 billion annually.
"They have decided to come to Hawaii and spend what will amount to about a billion dollars to build the grandest resort in the world — not a theme park," he said. "There won't be any rides. There aren't going to be any submarines. You may see a pirate or two."
You may also see Disney bringing in more than 1,000 jobs, said Stone — many going to area residents who will go through an on-resort training program.
While I have a hard time believe Disney will spend a billion dollars without also building some sort of entertainment to draw in non-resort guests to the area, it's true that the project will mean lots of increase revenue for Hawaii. (Read