Universal Orlando Resort to build ‘Universal’s Epic Universe’

Universal Orlando Resort is building a new, fourth, theme park to be called Universal’s Epic Universe. The vision: create an entirely new level of experience that forever changes theme park entertainment. Universal’s Epic Universe promises to take guests on a journey where beloved stories expand into vibrant lands – and where that journey is as much a part of their adventure as the ultimate destination.

“Our new park represents the single-largest investment Comcast NBCUniversal has made in its theme park business and in Florida overall,” said Brian L. Roberts, chairman and chief executive officer of Comcast Corporation. “It reflects the tremendous excitement we have for the future of our theme park business and for our entire company’s future in Florida.”

The new theme park will also feature an entertainment centre, hotels, shops, restaurants and more. It will be located within a larger 750-acre site that nearly doubles Universal’s total available acreage in Central Florida. Universal’s Epic Universe is just a few miles from the existing resort in Southwest Orange County. Specifically, it will be south of Sand Lake Road and east of Universal Boulevard.

“Our vision for Epic Universe is historic,” said Tom Williams, chairman and chief executive officer for Universal Parks & Resorts. “It will build on everything we have done and become the most immersive and innovative theme park we have ever created. It is an investment in our business, our industry, our team members and our community.”

Universal Orlando currently employees 25,000 people and will hire an additional 14,000 team members as part of Epic Universe, including professional, technical, culinary and other specialized positions. The company currently contributes more than $302 million in annual state and local taxes – a number that will nearly double when the new theme park opens.

 

The majority of the businesses Universal relies on are either regional firms or national firms with a large regional presence. An economic impact study for Universal conducted by UCF Economic Professor Sean Snaith found that Universal Orlando’s combined direct and indirect economic benefit to the Florida economy since Universal Studios opened in 1990 is $73 billion. He also found that construction of the new park alone will contribute a total of $11.5 billion in direct and indirect economic benefit into the Florida economy.

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