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Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...

World Waterpark Association Success for WWA's 33th Symposium and Trade Show

Hong Kong Disneyland to introdoce Iron Man Experience First major Marvel attraction planned in 2016

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NBCUniversal changes the development plan

of Universal City in Los Angeles

Update : 17:16 Published by François Mayné the 24 July 2012, Project.

NBCUniversal Media announced last week it had revised the development plan of Universal City, its huge property in Los Angeles (California, United State) where stand its film production studios and the entertainment complex of Universal Studios Hollywood. This decision comes just months after the acquisition of the company by Comcast that wished to redefine the objectives and content of the plan.

Named "Evolution", this master plan was first unveiled in late 2010 and originally foresaw a series of new developments over a period of 20 years for an investment then estimated at nearly $3 billion, or about €2.5 billion.

Among these developments were planned the expansion of the theme park (with the construction of 7 new rides), the reorganization of the Studio Tour route (with the loss of certain scenes in the backlot), the expansion of the entertainment complex Universal Citywalk (with a 500-rooms hotel and a theater), new facilities for production studios and the creation of a residential area of 50 hectares (123 acres) with nearly 3,000 housing units.

It is this latter part of the plan which was finally simply suppressed. It was indeed criticized by local politicians, residents, associations of the film/television industry and even by some shareholders of the Group. The main argument advanced was the incompatibility of a residential area with the activities of a studio and an entertainment complex that might no further expand in the future, resulting in damage for employment and business development.

The new master plan ''Evolution'' of Universal City has no more residential units to focus on production facilities and Universal Studios Hollywood complex

The amended master plan, which investment is now estimated at $1.6 billion (approximately €1.3 billion) will now focus on production and post-production facilities (5 additional acres/2 hectares) and the expansion of both Universal Studios Hollywood theme park (10 additional acres/4 hectares) and CityWalk (10 additional acres for the development of other hotels and car parks)

“After taking a hard look at the project, the current real estate market, our business needs as well as the new owner's priorities, we believe it's best to ask the City and County to focus on the Evolution Plan No Residential Alternative in the Final EIR for the upcoming hearing process and for our 20-year plan to eliminate the residential and retain our backlot for production” stated NBCUniversal. “This is the right time in the process to make this decision and it will enable us to concentrate and invest in our core businesses, television and film production, Universal Studios Hollywood Theme Park and CityWalk. Planning for our future in a way that is responsive to the community has always been a priority of the Evolution Plan and today marks the next step in making this important project a reality.”

Click here to read the Final EIR report.

NBCUniversal will publish soon more details about the new plan on the Evolution website : nbcuniversalevolution.com

Universal Parks & Resorts - Universal Creative - - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
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Compagnie des Alpes
(25 articles found)

Difficult season for Compagnie des Alpes' amusement parks read more

The Compagnie des Alpes leisure parks recorded disappointing financial results during fiscal year 2012/2013 which ended on September 30. The...

CORPORATE | Compagnie des Alpes - Published on November 10, 2013

Record anniversary edition for the Euro Attractions Show in Paris read more

Bienvenue à Paris! Enthusiasm was reigning among the aisles of the Porte de Versailles exhibition center in Paris last week, while the Euro ...

FEATURE | Compagnie des Alpes - Published on September 29, 2013

Compagnie de Alpes' leisure park sales continue to decline in the third quarter read more

Adverse weather conditions at the beginning of the season and the ever difficult economic conditions in Europe have negatively impacted the activities...

CORPORATE | Compagnie des Alpes - Published on September 9, 2013

Theme Park Industry News Roundup – Issue #3 read more

NewsParcs' Theme Park Industry News Roundup is a summary of the latest major news related to the theme park industry worldwide. This Industry Roundup reports news specifically on operators, owners, trade associations and...

NEW | Compagnie des Alpes - Published on August 11, 2013

Compagnie des Alpes' leisure park activity is down in first half of FY 2012-2013 read more

The French operator Compagnie des Alpes (CDA), which owns a dozen leisure parks and attractions in Europe and North America - including Parc...

CORPORATE | Compagnie des Alpes - Published on June 18, 2013

Attendance throughout global major theme parks reported more than 5% growth in 2012 read more

The global market for theme parks has behaved rather well in 2012. These are the conclusions of the 2012 Theme Index report released last week...

FEATURE | Compagnie des Alpes - Published on June 11, 2013

Compagnie des Alpes first quarter results affected by the school calendar read more

Compagnie des Alpes (CDA), which owns and operates ten leisure parks and attractions in Europe including Walibi amusement parks, Parc Asterix,...

CORPORATE | Compagnie des Alpes - Published on February 2, 2013

Bellewaerde Park prepares the opening of Huracan with ZIERER and TAA Industries read more

While the opening of the season is approaching at Bellewaerde Park, the management team of the Belgian amusement park wished to invite the media...