Quote:
Originally Posted by bizaro86
That assumes they'll be able to sell all the extra luxury boxes they stuff in, which doesn't seem like a foregone conclusion in this oil price environment to me, but I could be off base.
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You are correct, but all of what I said assumes that current economic environment will eventually return to a more normal state, where worries about selling the luxury boxes etc.... will not be an issue. Those don't need to be sold until the project is finished, assuming the ownership group can afford to invest in the down turn, which is the point. Given all the positives of this build are in the future, taking advantage of lower costs in the present where all the costs for this project are consumed means bigger ROI overall.
But to your point, if this is a permenant down turn in the economy and the Oil industry, then yes, there is no benefit. Although there is nothing at the moment to suggest we should fear that as a reality.