such as Universal's rule that nobody can build a theme park in the 2200 acre property district without the permission of the master declarant.
Well there you have it then. Is there a district map of these 2200 acres?
such as Universal's rule that nobody can build a theme park in the 2200 acre property district without the permission of the master declarant.
:nana::nana::nana::nana::nana::nana:Clarification: Universal acquired all the master declarant rights, but they also removed the land Stan kept from being subject to those declarant rights. (They applied new restrictions about no non-universal theme parks to that land.)
But if Stan has no money then the cleanup may be done by the EPA (if they can find a spare excavator and truck) and billed against the future sale of the property. Stan is not forced to clean it just if he wants to develop it or sell it.Hey now, I do think Universal and Stan Thomas will have another transaction in the future for those 2 red parcels on Universal Blvd. once the Brownfield cleanup process is over.
For Universal, it might have made more sense to just leave those 2 parcels with Stan Thomas while they undergo rehabilitation and then buy them in the free and clear once the FDEP grants a completion order.
1) That removes any future liability on the part of Universal because they didn't undertake the cleanup, and 2) there wouldn't have been any delays from Universal taking over the cleanup process due to ownership of the parcel changing.
So Stan Thomas is probably not completely out of the picture yet.
Naw, this type of site falls under the Florida Department of Environmental Protection, and all funding for rehabilitation of the land comes from the owner.But if Stan has no money then the cleanup may be done by the EPA (if they can find a spare excavator and truck) and billed against the future sale of the property. Stan is not forced to clean it just if he wants to develop it or sell it.
Can't get blood out of a turnipNaw, this type of site falls under the Florida Department of Environmental Protection, and all funding for rehabilitation of the land comes from the owner.
Yeah, I think a part of the assumption I'm making is that Stan Thomas will use part of the Universal money he's received to wipe away the debts on the parcels (and end that foreclosure case, we should find out in the next few weeks).Can't get blood out of a turnip
Well there you have it then. Is there a district map of these 2200 acres?
Yeah, I think a part of the assumption I'm making is that Stan Thomas will use part of the Universal money he's received to wipe away the debts on the parcels (and end that foreclosure case, we should find out in the next few weeks).
Then he borrows against the now debt-free parcels to fund the cleanup. Then when he puts the parcels for sale in 5-6 years after the cleanup is finished; Universal pays him off and clears the debts undertaken for the cleanup.
I think there's a logic to that series of events for Universal that keeps the Brownfield process out of Universal's hands (i.e. no liability for Comcast).
That's the latest proposed Land Use Plan Agreement for the PD from 2015, but the right-of-way was never granted for the Mandarin Drive extension, so its path will likely change now that Universal owns much of the property that would use it.
Universal owns the Master Declarant rights to the whole 2200 acre PD.
You can rent an apartment in the complex that’s right there next to the property or the new one they're building right now. Just make sure to get one with a nice view of the construction so you can setup a webcam for everyone to watch.
Yeah, while this is all speculation as to those 2 red parcels; it does seem as if 1) they won't be usable for years given the Brownfield cleanup, and 2) Universal won't really need them until around the late-2020s at the very earliest after Universal has developed all of its own land on Universal Blvd. and Destination Pkway.Not to mention, it'll be a long while before Uni would be ready to develop those plots into value hotels anyway. So the timing works well.
I think there may be a fair amount to Disney trolling going on with this park.I’m pretty sure @Disneyhead just listed the 10/1 date as that’s the date MK and Epcot opened and it would be a bit of trolling on UORs part.
I doubt they would give up the summer crowds/revenue for a fall open in the days we live in now where Wall Street makes the decisions.
I think there may be a fair amount to Disney trolling going on with this park.
I think the project number (314) may be a hint at what may be coming.I mean, we are presumably seeing Nintendo moved, and with the possibility of DWA and Lord of The Rings (if that is happening), it could be a triple castle middle finger to Cinderella.