As a shareholder, I approve what they are doing. I have faith in this management. Iger has insane vision for how he capitalized on marvel and star wars among others, for example. The investment in HS/EP is amazing to see and i'm glad they are doing it and will be happy to pay up. There is no where else in the world I can go to experience what is being built there. Prices will increase on anything of value in life, this is a rule. If the price doesn't increase, investors pull capital, stock tanks, and the condition of the parks you enjoy today goes straight in the dump. The reason there is a disney world in 2020 is because the margins are so high and this attracts talent and capital to manage it. Iger's success financially is why the board gives him the green light to invest billions in the parks.
These are the rules of our capital markets... even if a private investor purchased it and ran it like you would like, low pricing, high service, the place would be over-run with crowds, etc. Expansion and maintenance requires billions of capital, it would stagnate and eventually turn into a six-flags.