Assuming they have a place to store the trams, I think it's a great location - certainly enough for a maze or two. It also has sufficient queue space since it can utilize the existing Studio Tour infrastructure.
My question would involve the route to actually get guests in and out of the facility. I imagine they would exit where the Studio Tour/Terror Tram presently exits. But what of entry? You'd need to cross a literal road that is used to shuttle staff all over the park.