Universal Orlando to Make 20 Acres of Land Available for Affordable Housing Units
On December 16, Orange County Mayor Jerry L. Demings and Universal Parks and Resorts Chief Administrative Officer John Sprouls announced a major initiative to aid in the increase of affordable housing units in Orange County. Universal Parks and Resorts will make 20 acres of land available for affordable housing units. This land will accommodate nearly 1,000 mixed-use housing units.
“We couldn’t be more excited,” said Mayor Demings. “While details are still being worked out, Universal is serving as a prime example of a private entity teaming up with a public entity to address the affordable housing crisis in Orange County.”
The land, which is located near the I-Drive corridor, is one of the region’s most desirable development areas. The County and Universal will work together over the next year to determine how to structure the agreement. Universal Orlando will also make three additional acres of land available for mass transit to assist for this growing area.
“Light rail and/or mass transit is another major issue facing our community – and we will be making an additional three acres of land adjacent to this site available for this specific use,” added Sprouls.
PHOTO: © 2019 Universal Orlando Resort. All Rights Reserved.
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