Wednesday, July 22, 2015

Rumor: Land Acquisition? Maybe Something, Probably Nothing

UPDATE: The following is wrong. It was not a land purchase, but more shell games from the owner of the land. It looks like he mortgaged himself some money to begin building on the land. Nothing more. No bearing on theme parks whatsoever.

Okay, I kind of fought myself with this, but I guess it's better to get it out there and let the people who can figure this out get the info. I have no idea if this is anything noteworthy or just another new developer trying to snatch up some prime land, but here we go.

On Monday, documents filed with the Orange County Comptroller indicated that a portion of the old land that Universal, then owned by Vivendi, once considered its next step in Orlando before being sold to a developer in 2003, had been bought by a company named AFF Universal. AFF Universal is what looks to be nothing more than a shell company, as it was only created at the end of last month. They paid 27 million for the property, so they shelled out a decent amount.

Again, I have no idea if this is anything of substance, but I thought it deserved mention. We'll keep you updated on any pertinent developments.

No comments:

Post a Comment