Universal Purchases Additional Land for New Theme Parks, Files More Permits

Yesterday was a very important day for many theme park fans around the world. After months of disputes, Universal Orlando was finally able to end a legal battle that will allow the company to greatly expand its Florida resort in a large plot of land located behind the Orange County Convention Center. In fact, the land they recently acquired could potentially hold two more theme parks, a second water park, a new entertainment district, and countless new hotels.

According to the Orlando Sentinel and the Orlando Business Journal, Universal was finally able to acquire from Stan Thomas two very important pieces of the puzzle:

1. The Master Declarant for the entire property (which gives them more freedom to choose what the company wants to build on the land they acquired, including theme parks and hotels);
2. Additional land that would link the rest of the parcels that Universal purchased back in 2015.

While we are still years away from seeing a new theme park opening in Central Florida, Universal Orlando doesn't seem to be willing to waste any more time. Indeed, the company recently filed permits to start mass grading of a large portion of the land they own, even though they might be planning on purchasing even more parcels of land in the near future. Grading is one of the very first steps that will eventually be followed by actual construction. Are you excited yet?

Universal Orlando has not yet confirmed what will be built in this area, but representatives of the company have stated that a new theme park is in the works. We just have to wait and see what happens...

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