Universal Orlando Resort Expansion (Part 1)

[JoeCamel]

Original AFF Universal debt was $27 million. I think the GRE loan was $35 million, so that should be the basis.

Would be a fair price to close it out. Thanks

 

[Magic-Man]

Two new Notice of Commencements were just filed for "Site Development Services" for the SLRC land. The most interesting bit is their expiration date is April 30th 2020. These NoCs are in reference to the Mass Grading and Fill permits that were filed with Orange County a few months ago. This likely means veritical/actual park construction will begin sometime in 2020 (or maybe even earlier) after this work is completed.





(Sorry that the PDF imaging function of the bot is still broken)

*insert Here. We. Go. gif here*

 

[AlexanderMBush]

My apologies if I'm an idiot in asking of this, but wouldn't Mass Grading be possibly the call to say that they are breaking ground?

 

[Bulldog45]

From Google:

"Mass grading is an essential component of construction site work. It is the moving of earth and soils in order to create a solid base foundation for a building or structure. It is one of the first steps in the construction process and is the base plate for an entire project."

I wouldn't call that breaking ground. I think it is basically just ensuring the site is ready for construction to begin.

 

[JungleSkip]

Yea, I think it might give us an idea on what Site B will look like, but it's not truly "construction"

 

[Magic-Man]

Man, it’s possible that we’ll see them break ground around the time that SWGE opens. Holy crap.

Also, this pretty much confirms a 2022 opening date.

 

[JungleSkip]

Also, this pretty much confirms a 2022 opening date.

Until an untold number of things go wrong during construction. Always assume things will be delayed.

 

[Magic-Man]

Until an untold number of things go wrong during construction. Always assume things will be delayed.

I’m gonna remain hopelessly optimistic. It’s a habit

 

[Bulldog45]

Until an untold number of things go wrong during construction. Always assume things will be delayed.

All it takes is one nasty hurricane to seriously screw up their timelines...

 

[Magic-Man]

All it takes is one nasty hurricane to seriously screw up their timelines...

*stares at upcoming tropical wave in the Atlantic*

 

[JungleSkip]

All it takes is one nasty hurricane to seriously screw up their timelines...

Yea. I'd say hope for 2022, expect 2023

 

[Teebin]

So, are they going to fill all of the ponds immediately or only the large pond which is pretty much filled in now. If only the later, then that suggests to me that a major project will happen on the eastern large section first with the western portion left for expansion.

 

[JoeCamel]

So, are they going to fill all of the ponds immediately or only the large pond which is pretty much filled in now. If only the later, then that suggests to me that a major project will happen on the eastern large section first with the western portion left for expansion.

I think that is the largest alteration to the water flow so it may need time to settle and compact while building the replacement ponds to handle the water runoff. I don't think it reads anything into the placement of the buildings yet more than a general idea.

 

[JungleSkip]

So, are they going to fill all of the ponds immediately or only the large pond which is pretty much filled in now. If only the later, then that suggests to me that a major project will happen on the eastern large section first with the western portion left for expansion.

I assumed this as well. Either that or the eastern pond was in the way of their plans while the western wasn't.

 

[Teebin]

So, how does this work? Some farmer has a contract to truck his cows in to graze? Or are these feral cows that just wander about the fields of Florida lookin for a cheap chomp...

 

[Captain Tragedy]

So, how does this work? Some farmer has a contract to truck his cows in to graze? Or are these feral cows that just wander about the fields of Florida lookin for a cheap chomp...

I guess that’s one way to keep land clearing under budget.

 

[Disneyhead]

So, how does this work? Some farmer has a contract to truck his cows in to graze? Or are these feral cows that just wander about the fields of Florida lookin for a cheap chomp...

I think those are Cowfish.

 

[AlexanderMBush]

So, how does this work? Some farmer has a contract to truck his cows in to graze? Or are these feral cows that just wander about the fields of Florida lookin for a cheap chomp...

Seems as if Matthew Miller needs to get his crap together, and to wrangle those cows.

 

[JoeCamel]

So, how does this work? Some farmer has a contract to truck his cows in to graze? Or are these feral cows that just wander about the fields of Florida lookin for a cheap chomp...

In Florida you qualify for an agricultural classification on the land if you graze a few cows there so they lease the grazing rights to some rancher and get income from that plus a break on property taxes.
Otherwise it is taxed at "best use" rates which are much higher. At least that is how it works over here.

 

[Scott W.]

So, how does this work? Some farmer has a contract to truck his cows in to graze? Or are these feral cows that just wander about the fields of Florida lookin for a cheap chomp...