Orlando, Fla. – It’s finally over! The property dispute finally ends for Universal Orlando. Since 2015 Georgia business owner, Stan Thomas, has been disputing his ownership rights and deed restrictions on land Universal purchased. And after almost four years of mediation, alligations and finally having the courts get involved with litigation, Universal can move forward.
Thomas has always argued that he still owned the rights to enforce private deed restrictions on the property, which included a BAN on all theme parks. That’s a problem when your business is theme parks. With the ongoing growth of Universals Orlando theme parks, the huge success of their Harry Potter World and Diagon Alley and the addition of Volcano Bay, there is nothing Universal would like more than to move forward with development of this property.
both sides have been tangled up in lawsuits for over 2 years.
Clearly Universal would never enter into a deal willingly knowing they would never be able to operate a theme park on the property, but both sides have been tangled up in lawsuits for over 2 years.
As soon as the property was sold to Universal for $130 Million from Thomas, they have been in an ongoing disagreement on the terms of the purchase.
To the joy of Universal, according to the Orlando Sentinel, both sides and the courts have finally come to a resolution.
The records don’t disclose how much Universal had to pay to Thomas, but as of yesterday Universal has settled the lawsuit with Thomas.
- In the image, blue properties were acquired in 2015
- Some of the red properties were acquired yesterday.
- Grading plans have been filed for the area outlined in green.
So what now
What this means is Universal can finally start planing and moving forward with developing the pricey property. Before knowing how much property was available to be developed, engineers and designers had no clue as to what the scope would be on the size. Now we all know that Nintendo Land has been on the minds of many (Including this guy), so this could be what they needed? Also with the newly announced resorts taking up the old Wet n’ Wild property, Universal wont have any issues with accommodations. We are excited to hear what the theme park giant has planned for all us in the near future.
Our imagination can go on forever.