Universal Orlando Resort Expansion (Part 1)

[Parkscope Joe]

The date to focus on now is May 10.

That's the hearing date for the summary judgment hearing for the red properties on the map.

IF Stan Thomas transfered all his lands as part of the settlement, then Universal will pay off that debt holder and walk away with all of the red and green land.

Green and red? Wow. That's... a lot...

 

[GadgetGuru]

Out of curiosity, how much money are we talking about here?

If it's a "large enough" amount of money (vague, I know), Comcast will have to mention it at their next quarter financials.

 

[UniversalRBLX]

Food for thought, what if they present it similar to the NBCUniversal Evolution Plan that was approved for Hollywood back in the early 2010's?

That could work. I think we can expect something like that.

 

[zg44]

Out of curiosity, how much money are we talking about here?

The foreclosure suit is around $35 million I believe (debt securing red properties).

The remainder is probably worth $40-80 million probably? (very hard to estimate due to the fact that so much is stormwater drainage type of land).

 

[Viator]

The date to focus on now is May 10.

That's the hearing date for the summary judgment hearing for the red properties on the map.

IF Stan Thomas transfered all his lands as part of the settlement, then Universal will pay off that debt holder and walk away with all of the red and green land.

Green and red? Wow. That's... a lot...

Wait...wouldn't that get them more to over around 1000+ acres?

 

[Magic-Man]

Wait...wouldn't that get them more to over around 1000+ acres?

Jesus, can you imagine that? Even Disney would be jealous, considering the fact that the land is in the middle of Orlando.

 

[JungleSkip]

The foreclosure suit is around $35 million I believe (debt securing red properties).

The remainder is probably worth $40-80 million probably? (very hard to estimate due to the fact that so much is stormwater drainage type of land).

$115 million for all that would be a steal

Wait...wouldn't that get them more to over around 1000+ acres?

Remember, a lot of that is land they can’t build on because of drainage and waterways and such

 

[n i c k]

$115 million for all that would be a steal



Remember, a lot of that is land they can’t build on because of drainage and waterways and such

That type of land is very necessary though when building anything so massive.

 

[JungleSkip]

That type of land is very necessary though when building anything so massive.

No doubt. I just don’t want people seeing that number and expecting 10 new parks or something

 

[Imperius]

Yeah. Anything more than 5 is overkill.

 

[Mike S]

Now we can finally start Nintendo construction.

 

[devinp267]

Well trust and believe they're going to be very cautious with this land, they don't wanna be land locked again, This is more than enough imo.

 

[zg44]

It will be around 1450 acres total.

575 acres in purple (south resort).
82 acres in red.
~800 acres in green.

 

[Magic-Man]

It will be around 1450 acres total.

575 acres in purple (south resort).
82 acres in red.
~800 acres in green.

How much is stormwater/drainage?

 

[Teebin]

How much is stormwater/drainage?

The question of stormwater/drainage is a bit of a misnomer. We have already established that one can build pretty darn close to a creek with proper engineering and other considerations. One of the large parcels on the north side of Sand Lake Rd might be set aside as conservation in lieu of other southern development for example.

 

[Mike S]

The question of stormwater/drainage is a bit of a misnomer. We have already established that one can build pretty darn close to a creek with proper engineering and other considerations. One of the large parcels on the north side of Sand Lake Rd might be set aside as conservation in lieu of other development for example.

Could they in theory build a park on top of a creek and actually incorporate it into the setting they’re building? Like, let’s say a creek running through the Shire?

 

[Teebin]

Could they in theory build a park on top of a creek and actually incorporate it into the setting they’re building? Like, let’s say a creek running through the Shire?

I doubt they would do that but I really have no idea if they could.

 

[Disneyhead]

I think people are confusing "stormwater/drainage" with "wetlands".

Stormwater/drainage can be rerouted and developed.

Wetlands are protected. But can be developed if swapped for other wetlands.

 

[GoUCFKnights]

Could they in theory build a park on top of a creek and actually incorporate it into the setting they’re building? Like, let’s say a creek running through the Shire?

Yes

 

[JoeCamel]

Please bear with me so I can understand. Stan Thomas is not a good poker player but knows when he is not holding a winning hand so the bluff he was running with the "No Theme Park" suit was called and maybe that means the east land (green/yellow depending on your eyes) that was only valuable to Universal may be part of the settlement (for a bundle of cash) to drop the suit, allow a park to be built and sell the land to Universal? Is that right?
Now the bankruptcy suit proceeds on the red property and maybe in May Stan shows up with a note to pay off the creditors and the way he got the note is Uni backed it OR it goes to the creditors, Stan does not fight it and the creditors sell the land to Universal?
In the end Universal ends up with all the marbles (1450 acres MoL) and is now surrounding Lockheed Martin on three sides. LM may have plans to move their very expensive plant in the future leaving a cleanup and new land to be done by Universal?
I know that last part is speculation but do I have the rest semi correct?