It's late, true believers, but here we are. Tonight, the UOR Buzz Twitter account tweeted that Universal City Property Management III LLC was planning to build a new theme park, a 663 room hotel, and a new, large retail area on land in Orlando. The company was once under the main Universal brand and managed the old plot of land that was once owned by Lockheed. When Universal sold this land in the early 2000s, the company also changed hands. Below we can see the land.
Stay tuned to @Parkscope for more as it develops.
Wow! Does anyone know the significance of the document filed today? Does this mean they are already securing financing to start preliminary work?ReplyDelete
I would think Universal sold that property with restrictive covenants that would preclude the development of any competing uses, so I can't see this being true. The parcel sold to the convention center had a covenant that Universal was the only theme park that could be mentioned in the building.ReplyDelete