August 5, 2019
The new theme park will feature an entertainment center, hotels, shops, restaurants, and more. It will nearly double Universal’s total available acreage in Central Florida, Comcast says.
According to a statement from Universal, the Epic Universe “will 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 CEO Brian Roberts . “
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 University of Central Florida Economic Forecasting 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.
According to a report by NBC News, in the last decade, Universal has expanded its two parks to include “Harry Potter”-themed lands Diagon Alley and Hogsmeade. Analysts are speculating that new rides could be based on Universal properties such as Minions, classic monsters, and even Nintendo.
Research contact: @comcast