Once again, there is space. And to be honest, what exactly would be the deal if we lost Psycho House, Bates Motel, Whoville, War of The Worlds, Drupercharged, and Falls Lake?
It isn't like the Illumination Grinch is following what Ron Howard did with Whoville, the Psycho House ain't even the original Psycho House (same applies to Bates Motel), Drupercharged is the dumpster fire we know of it to be, and I would imagine they may be able to re-locate Falls Lake, and even then, I don't think we need the worlds largest blue screen to help cement Universal Hollywood's status.
I imagine the Tour is slowly reaching to a point of where we have to decide whether or not it's feasible to operate it, especially when you consider that expansion is needed.
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Add on the fact that they are buying even more parcels on that hill, for more political leeway, and this would act more as the more logistical plot of land that they could have.
The Golf Course, is out of the question. But that I would wage that this, however, isn't. Especially if Universal bulks up (or Comcast forces the powers) to build a hotel complex. Which, I would argue could be likely, considering that they seemingly went against Hilton's Expansion (even if it was more that they went forward without Universals consent).