I'm kind of done with this "they can't compete with Rivals" chant that I keep hearing.
Rivals will prove major capital expenditure is sustainable and now necessary to move forward in the industry.
As for obtaining the appropriate funds to refocus their park, they could get it the same way Village did - by calling up the bank and getting a loan. I'm grossly over-simplifying here, but how else do you think they get the funds?
As for the shareholders, deferring the Main Event rollout in the US and creating a vision for the future of Dreamworld would instil a lot of confidence in the board given how critical Ariadne have been this year
Our tourism economy is only going to grow. The dollar will stay where it is until at least 2020 due to global politics & the fact that the mining boom has come and gone. We'll have more and more middle class Chinese, and if the park doesn't at the minimum match some of their local park's offerings back home, there's a chance tourist groups may pick Village's combination of AOS, PC, TG & MW as a higher-end overall prospect. The risk is low for investment right now and there's so much opportunity for the taking too.
You don't need to do compete head on with Rivals though to stay current:
Since the Ardent board is so transfixed on Main Event, why not just bring one here? The amphitheatre / Blue Lagoon space is just so unbelievably perfect for a Main Event / Universal Citywalk-style gate to be built.
Build an RMC - it's different, cheaper and unique enough to actually compete with Rivals head on by itself.
Spend smarter. It doesn't cost much to put a steam train back in and put a bushranger show on it, and would convert so many naysayers onto the new vision of Dreamworld who have been cynical since Ardent purchased the park.
Spend even smarter-er. Increasing revenue opportunities by investing in showstages/better AV etc. for daily shows and private events, investing in more unique merch are just two ideas.