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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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Jobs . News . Products . Magazine
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
Reid-Anderson welcomes China theme park regulations as Six Flags eyes further developments
Jim Reid-Anderson, president and CEO of Six Flags, has praised the "huge potential" of the Chinese theme park market, welcoming new guidelines to up quality standards in the country.
QE2 cruise liner relaunched as hotel and tourist destination in Dubai dock
The Queen Elizabeth 2 (QE2) has opened its doors to the public following a transformation of the historic cruise liner into a tourist destination and hotel by the government of Dubai.
Comcast focusing Universal investments into theme park division
Comcast has said that it expects capital spending to increase at NBCUniversal through 2018, with the majority of investment directed towards its booming theme parks division.
New attractions drive profits as Universal reports strong Q1
Continued impressive results from Universal's theme park division has fueled strong revenue's for Comcast's first quarter, with theme park revenues increasing by 14.5 per cent.
+ More news   
LATEST JOBS
Visitor Experience Manager
Woburn Abbey
Salary: Competitive Salary & Benefits
Job location: Woburn Abbey, Milton Keynes, UK
Guest Experience Manager
SnowDome
Salary: Circa £30,000
Job location: Tamworth, UK
Games & Wristbands Manager
West Midland Safari and Leisure Park
Salary: £22,000 - £25,000
Job location: Worcs, UK
Senior Bowling Technician
NAMCO UK Ltd
Salary: Competitive Salary & Benefits
Job location: Manchester, UK
Food and Beverage Manager
NAMCO UK Ltd
Salary: Circa £23,000
Job location: Manchester, UK
Performance Assistant Team Leader
Hamburg Dungeon
Salary: Competitive Salary & Benefits
Job location: Hamburg, Germany
+ More jobs  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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LEISURE MEDIA PRODUCT SEARCH
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