Universal Orlando to get significant park expansion with Comcast Corp. confirming land acquisition

in Universal Orlando

After months of speculation about a possible expansion, Comcast Corp. has confirmed in a year-end 2015 earnings call that they have purchased 475 acres of land adjacent to Universal Orlando Resort.

The newly acquired area, which was purchased for $130 million by the parent company of Universal Orlando Resort, will likely be used for a number of usages including “multiple new parks, hotels, or even space for backstage operations”, according to the Orlando Business Journal.

The land runs along Universal Boulevard, with Comcast executives not ready to give out exact details on what they plan to use it for, only saying that “the land is a real strategic acquisition for long term down the road.”

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