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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
Buried treasures: China’s Dune Art Museum’s construction nearly complete
A unique new art gallery that is buried in a sand dune is close to completing construction on the coast of Bohai Bay in northern China.
AR app launched by Minneapolis Institute of Art
US art museum the Minneapolis Institute of Art (MIA) has launched a new augmented reality (AR) app that transforms the space into a giant puzzle room.
More than 1,500 US museums offer free entry tomorrow for Museum Day
The annual Museum Day in the US, organised by the Smithsonian Institute, kicks off across the country tomorrow (22 September), with more than 1,500 attractions offering free entry during the event.
Food attraction planned for Netherlands in 2021
A new attraction marketing itself as a “food experience” will open in 2021 in the Netherlands.
+ More news   
LATEST JOBS
Logistics and Procurement Manager
Legoland
Salary: Competitive
Job location: Goshen, New York, USA
Head of eCommerce
Merlin Entertainments Group
Salary: Competitive
Job location: Lake Wales, FL, USA
US LEGO Model Production Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Lake Wales, FL, USA
Recruitment Manager
Legoland
Salary: Competitive
Job location: Carlsbad, CA, USA
Market Research Associate
Merlin Entertainments Group
Salary: Competitive
Job location: Carlsbad, CA, USA
Technician Specialist Apprentice
Legoland
Salary: Competitive
Job location: Carlsbad, CA, USA
+ More jobs  
 


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

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