Universal Orlando Resort Expansion (Part 1)

[UK-Trigg]

It’s been settled.

Per the Sentinel:

An attorney for Thomas, Allison Turnbull, confirmed the suit had settled but declined to provide details. “We’re very pleased that the parties have amicably resolved this matter,” she said.

:rock::rock::rock: :toast::toast::toast: :celebrate:

 

[Scott W.]

@Brian G. picked a great time to add more emojis.

 

[UK-Trigg]

@Brian G. picked a great time to add more emojis.

Sure did :up:

 

[Scott W.]

Sure did :up:

 

[JungleSkip]

Y'all

 

[quinnmac000]

So they now have most of it!!! But what parcels are left now?

 

[happy bunny rabbit]

Y'all

:exclap:

 

[MagicMagicMagic]

Y'all

 

[Andysol]

Holy hell- awesome.

For those who might be curious- this is the "Stan Thomas" property in green- as well as the majority of "foreclosure" property in red - but not all of the foreclosure property in red.
Not saying UOR won't get the remainder also- just not in these docs.

Note: The only foreclosure property not included is the red property in southwest corner near convention center and just south of Universal Blvd. Other than that- THEY GOT IT ALL!

This is better than we could have ever hoped for!

 

[AlexanderMBush]

Y'all

Holy hell- awesome.

For those who might be curious- this is the "Stan Thomas" property in green- as well as the majority of "foreclosure" property in red - but not all of the foreclosure property in red.
Not saying UOR won't get the remainder also- just not in these docs.

Note: The only foreclosure property not included is the red property in southwest corner near convention center and just south of Universal Blvd. Other than that- THEY GOT IT ALL!

This is better than we could have ever hoped for!

 

[jrn14]

What currently sits on all this property? Nothing?

 

[Andysol]

What currently sits on all this property? Nothing?

Completely and utterly undeveloped.

 

[AlexanderMBush]

Completely and utterly undeveloped.

 

[JoeCamel]

In Hillsborough county the exchange/sale has a price tag that is public record. Same deal here so we might get an idea of the cost or is it "a dollar and other valuable consideration"?

 

[JungleSkip]

Waiting patiently for @zg44 to show up

 

[Magic-Man]

Y'all

:grin::grin::grin::grin::grin::grin::grin::grin::grin::grin::grin::grin::grin::grin::grin::grin:

 

[AlexanderMBush]

Going to do a prediction:

• UOSouth will open with 3 Resort Hotels; Citywalk 2.0; and a Dry theme park in Spring 2023
• Room is reserved for 4 additional hotels, another theme park, and a second waterpark
• Plan to be modeled similar to Evolution Plan, but on a different level
• Announcement of the new developments, but no major information given late this year (like late 2018) following City Council hearings

 

[Magic-Man]

Going to do a prediction:

• UOSouth will open with 3 Resort Hotels; Citywalk 2.0; and a Dry theme park in Spring 2023
• Room is reserved for 4 additional hotels, another theme park, and a second waterpark
• Plan to be modeled similar to Evolution Plan, but on a different level
• Announcement of the new developments, but no major information given late this year (like late 2018) following City Council hearings

I think that a second waterpark will open alongside the rest of the attractions in 2023. It would give the area more of a resort-like feel, and Volcano Bay seems to reach capacity every day during the summer. I can't see UOSouth open without it, unless it opens the next year.

 

[zg44]

Okay, we need to be patient here. Universal didn't acquire everything, so we need to see what they left to Stan Thomas. Universal acquired 20 parcels out of Stan Thomas' holdings in UCPM III and FQP.

My understanding is that Universal got the complete master declarant rights over the 2200 acres as well as most of the land in red and green. This means Universal now controls what can be built over even the other land they didn't acquire.

But we need to see explicitly which parcels weren't included in the transaction first. (It might just be the OCCC parcels that were excluded, but again we need to wait).

Also, the foreclosure case is now moot I believe since there was a partial payment of that debt as part of these transactions.

 

[JungleSkip]

Going to do a prediction:

• UOSouth will open with 3 Resort Hotels; Citywalk 2.0; and a Dry theme park in Spring 2023
• Room is reserved for 4 additional hotels, another theme park, and a second waterpark
• Plan to be modeled similar to Evolution Plan, but on a different level
• Announcement of the new developments, but no major information given late this year (like late 2018) following City Council hearings

There's no way this doesn't open with a water park IMO. Volcano Bay can barely handle the onsite guests they get now, funneling more hotel guests to it won't work. I also think you're getting at least 4-5 hotels at open.