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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.
MORE NEWS
Windermere Jetty boating museum opens in the Lake District
A new museum dedicated to 200 years of boating history at the Lake District National Park and Unesco World Heritage Site in the north of England has opened in Windermere, Cumbria.
Ankapark rebrands as Wonderland Eurasia and opens in Turkish capital
The huge new theme park in Ankara, Turkey, that had been known as Ankapark has now officially opened under the new moniker Wonderland Eurasia.
Be My Robo Date: Elderly and disabled in Singapore will soon 'visit' attractions via remote robot
A new directive in Singapore, set to launch in June, will allow elderly and disabled people who cannot physically get to museums to see exhibitions with the help of a mobile ‘telepresence’ robot.
Basra Museum opens three new galleries in Saddam Hussein’s former palace
Based inside the former palace of Iraqi dictator Saddam Hussein, Basra Museum has just opened three new galleries – quadrupling its display space following its launch in 2016.
+ More news   
LATEST JOBS
Commercial Manager - Retail Operations
The Silverstone Experience
Salary: Up to £30,000 pa
Job location: Silverstone, Towcester, UK
Visitor Services Manager
Yorkshire Wildlife Park
Salary: Competitive
Job location: Branton, Doncaster, UK
Catering Manager
Welsh Water
Salary: £32,392 - £37,027
Job location: Conwy, UK
Human Resource Manager
Eureka
Salary: Circa £32,000 per annum
Job location: Halifax, UK
Assistant Director Visitor and Site Operations
Eureka
Salary: Circa £42,000 per annum
Job location: Halifax, UK
Attraction Manager - Conwy
Welsh Water
Salary: £39,966 - £46,960
Job location: Conwy, UK
+ More jobs  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2019

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