True, but I’m not persuaded that the LA metro area is the appropriate comparison because there’s not much land available for development of new resorts therein. The comparison would have to be with an area where there’s a large tract of undeveloped land. The existence of a major airport with room for expansion nearby would be a significant plus, though undeveloped land would enable a new resort on the scale of Disney World to build a major airport of its own within that tract of land if there’s an area that’s flat enough.
I don’t believe “starting over” in a new location is a viable option for Disney. With multiple theme parks and tens of thousands of hotel rooms that have been developed over five decades, the Florida facility is just too big to replicate anywhere else.
They do have the option of diverting future investments to their existing locations in Burbank or Anaheim - basically reversing some of their recent moves. That might address the ‘red state’ issue, but wouldn’t address affordability.