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Universal Theme Park deal to purchase 450-plus acres in Orlando finalized

in Universal Orlando

Universal-Orlando-Resort

A company affiliated with Universal Theme Parks has reportedly closed on the purchase of a 450-plus acre lot near the Orange County Convention Center, according to the Orlando Sentinel.

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Tom Schroder, Universal’s media spokesman in Orlando, said the company would not be commenting in response to questions Wednesday. Universal has declined repeatedly to comment on their interest in the purchase of the property.

The purchase of this property may help settle the multiple rumors of the expansion of the Universal Theme Park in Orlando.

A source who wished to remain anonymous spoke to Orlando Sentinel and said he doesn’t believe there’s a timeline for development yet.

The property includes the largest tracts of vacant land in Orlando’s International Drive tourism area, and is already loaded with entitlements which would allow thousands of hotel rooms and residential units and on another portion of the property — a theme-park style attraction.

6 Comments

  1. HOW COME IS THE PARK CLOSED, AND I WANT TO KNOW WHEN
    ARE YOU GOING TO “OPEN THE PARK AGAIN”

    1. Kev

      The deal is closed, done, Universal has bought the land… Universal Studios Orlando is still very much open

    2. Larry

      ’bout as sharp as a bowling ball there, James?

  2. J

    That’s funny they bought that land then sold it an now they are buying it back

    1. Jeff

      The history is complicated. They sold it when Vivendi owned Universal. At that time Vivendi was cash strapped and there was a housing boom.

      Since then they have been purchased by GE and then sold to Comcast. Comcast has very deep pockets with annual revenues higher than Disney. Comcast has also been very willing to spend money in a way that Vivendi was never willing to do.

      After Universal was put in a much more stable financial position, they very much regretted selling the land.

      They also have attempted to purchase the Doctor Phillips school next door to them in the past with offers to relocate it. That was their first thought on expansion back in 1999-2000.

  3. OpieJones

    So what’s the plan? A totally new park?

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