UPDATE – Feb 3, 2016:
During a 4th quarter earnings call, Comcast confirmed that the company has paid $130 million for 475 acres of land “adjacent to an existing theme park”. Still, Universal nor Comcast have outright confirmed that the land is for Universal Orlando future expansion plans.
Original story below.
Universal Orlando Resort may be looking to buy up a nearby plot of land for expansion.
First reported by Growth Spotter, Universal has the option to purchase 475 acres of land on Universal Boulevard that is currently owned by a private equity firm named Colony Capital LLC.
Most of the land was originally owned by Universal Orlando when they initially had plans to expand their “Universal Escape” Resort in the late 90’s/early 00’s, but sold off the land during financial hardships following the travel recession after the 9/11 terrorist attacks.
Below is a map showing the rumored plot of land (circled in blue) and its distance from the current Universal Orlando Resort area (circled in red).
As of right now, the expansion is just rumor as Universal Orlando is currently “not commenting” on the reports of the land acquisition.
