Confirmed: Comcast Corp. purchases 475-acres close to Universal Orlando Resort

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Though it’s been widely rumored for the past few months, it’s now official that Comcast Corp., the parent company of Universal Orlando, has purchased a 475-acre plot of land “adjacent to an existing theme park”. They paid $130 million for the Universal Boulevard property.

Plans for the land haven’t yet been released. Comcast said “the land is a real strategic acquisition for the long term down the road.” The Orlando Business Journal notes that the amount of land purchased would be enough room for “multiple new parks, hotels and even space for backstage operations.”

The purchase was confirmed during a 2015 year-end earnings call.

(h/t – Orlando Business Journal)

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