I just feel like we keep jumping to new arguments and comparisons without addressing each of your core counterpoints.
Your 2019/2021 comparisons didn't really reflect normal/current Mardi Gras operations. The Disney examples assumed Universal had the same park culture and infrastructure that took Disney decades to build. So we end up moving to a new example instead, while also ignoring key points.
So, to summarize:
- USF often closes at 9.
- The parade already functions as the nighttime anchor.
- Mardi Gras revenue is heavily tied to keeping guests ordering at the bars and booths.
- USF doesn’t have the same late-night culture that WDW has built over decades.
The lagoon was designed to support nighttime entertainment in general, not necessarily to run back-to-back events. Even if we assume better TM coordination, you’re still asking guests to secure a parade spot and then relocate en masse to secure another viewing spot within a 60 min window.
Even if we solve the crowd rush to the lagoon, it still ignores Universal's desire for guests to be engaged with Mardi Gras, and for an event that is as much a food festival as a nighttime offering, that behavior matters.
It's a strategic choice that's also hindered by some Ops limitations. If the park were consistently open until 10 or 11, I’d feel differently.
As a separate point, I think we also need to remember that Disney isn't Universal, and vice versa. They're each going to have behaviors that we love and hate, and even though they are in each other's orbit, we can't always compare the two. Magic Kingdom is the ONLY park that has a regularly scheduled nighttime parade AND a fireworks show. It's not the norm, it's the exception.