For the sake of levity..a reminder,
They were nearly willing, to turn a large chunk of it; into residential. They were willing, to already forego Red Sea, Jaws Lake, Bates Motel, and various other areas of the Universal Backlot; all for that damn plan.
If they feel like they want to do a new park within replacing a large ass-chunk of Studio, guess what: They're likely going to do it.
Edit: gonna likely regret it, but this is an attempt, to just show how much would've went away to begin with.
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So as much as I do like
@bob albert and what he's saying, I would very much disagree.