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Universal acquires land for rumoured new theme park
POSTED 13 Apr 2018 . BY Tom Anstey
Universal has acquired hundreds of acres of additional land in Orlando, leading many to believe the operator is about to build a third park in the area.

The move comes after Stan Thomas, the Georgia businessman who formerly owned of the land, finally agreed terms to remove restrictions that would block such a project following a long-running legal dispute.

When owner of the property, Thomas filed a lawsuit against Universal’s attempt to acquire the land, arguing that he still owned rights to enforce private deed restrictions, one of which included a ban on theme parks, a restriction which has been since removed.

Although the company has not publicly commented on use for the land, a theme park has been heavily hinted at in planning documents and outward statements. During the court hearing with Thomas, Universal’s lawyer referenced the theme park plans, saying they were “obviously super, super secret commercial information.”

“We are excited about our plans for this area, and we are looking forward to sharing more at the right time,” said a Universal spokesperson.

“We also look forward to working with our neighbors in the area and our partners in the community as we move forward.”

Although the amount of money the land purchase cost has not been revealed, Thomas’ affiliate companies related to property have wiped US$144.7m (€117.3m, £101.5m) of debt from those ventures. Now the land has been acquired, Universal must negotiate with Orange County on securing permits for roads and other infrastructure. In addition to a new theme park, the purchase would also open up the possibility for new restaurants, retail and hotels from Universal.
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NEWS
Universal acquires land for rumoured new theme park
POSTED 13 Apr 2018 . BY Tom Anstey
Universal has acquired hundreds of acres of additional land in Orlando, leading many to believe the operator is about to build a third park in the area.

The move comes after Stan Thomas, the Georgia businessman who formerly owned of the land, finally agreed terms to remove restrictions that would block such a project following a long-running legal dispute.

When owner of the property, Thomas filed a lawsuit against Universal’s attempt to acquire the land, arguing that he still owned rights to enforce private deed restrictions, one of which included a ban on theme parks, a restriction which has been since removed.

Although the company has not publicly commented on use for the land, a theme park has been heavily hinted at in planning documents and outward statements. During the court hearing with Thomas, Universal’s lawyer referenced the theme park plans, saying they were “obviously super, super secret commercial information.”

“We are excited about our plans for this area, and we are looking forward to sharing more at the right time,” said a Universal spokesperson.

“We also look forward to working with our neighbors in the area and our partners in the community as we move forward.”

Although the amount of money the land purchase cost has not been revealed, Thomas’ affiliate companies related to property have wiped US$144.7m (€117.3m, £101.5m) of debt from those ventures. Now the land has been acquired, Universal must negotiate with Orange County on securing permits for roads and other infrastructure. In addition to a new theme park, the purchase would also open up the possibility for new restaurants, retail and hotels from Universal.
RELATED STORIES
Stranger Things announced for Universal's Halloween Horror Nights


Universal Studios has made a major announcement for this October, revealing plans to bring Netflix smash hit Stranger Things to its parks for the popular event.
Final Fantasy VR coaster headlines Universal Cool Japan 2018


Cool Japan is set to return to Universal Studios' Osaka theme park this year with a VR rollercoaster based on the Final Fantasy series.
Record year for Universal as new attractions boost revenues


Universal’s theme parks achieved record numbers this year, with revenues increasing 10 per cent to US$5.44bn (€4.4bn, £3.82bn) and the operator’s parks delivering record attendance in 2017.
Orlando's US$500m Skyplex gains approval despite Universal opposition


The theme park capital of the world looks set to gain the tallest rollercoaster ever built as part of a US$500m (€472m, £333m) development after Orange County commissioners approved plans for the proposed Skyplex development on Orlando’s I-Drive.
MORE NEWS
Flinstones theme park closes after nearly half a century
Bedrock City, a Flintstones-themed roadside attraction in Arizona, US, has closed after nearly 50 years, and is to be replaced by a showcase for falconry called Raptor Ranch.
Vancouver cetacean ban order upheld as aquarium challenges city parks board
A legal dispute between Vancouver Aquarium in Canada and the Vancouver Board of Parks and Recreation regarding the keeping of cetaceans (whales and dolphins) is set to rumble on, after an appeal court decision this week.
Melike Altinisik Architects chosen to create self-constructing robot museum in South Korea
Turkish design bureau Melike Altinisik Architects (MAA) have been selected to build a museum of robotics with components that "construct themselves".
London’s National Gallery aims for US retail expansion
London's National Gallery is attempting to crack the US market, appointing a licensing agency to develop a multi-tiered retail strategy for the institution.
+ More news   
LATEST JOBS
Active Outdoors Assistant
National Trust
Salary: £8.46 per hour
Job location: Ulverston, UK
Group Travel Trade Manager
The Royal Mint
Salary: Competitive Salary and Benefits
Job location: Llantrisant, Pontyclun, UK
Commercial Operations Director
The National Museum of the Royal Navy
Salary: £60,000 circa per annum
Job location: Portsmouth, UK
Theme Park Resort Duty Managers
Gulliver's Theme Park
Salary: Competitive Salary and Benefits
Job location: Rother Valley, Rotherham, South Yorkshire, UK
Trainee Manager Programme
Gulliver's Theme Park
Salary: Competitive Salary and Benefits
Job location: South Yorkshire, UK
Restaurant and Bar Team Leader
Alton Towers Theme Park
Salary: Competitive
Job location: Stoke-on-Trent, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
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