Universal Vision Plan - Wasted space?Universal Studios Hollywood: Let's discuss Universal Studios Hollywood Vision Plan
From Matt HeffWhat does everyone think about Universal Studios Hollywood vision plan?
Posted July 30, 2007 at 10:34 PM
I like the idea that it is a 25 year plan, but selling off its property for residential neighborhoods, in already crowded traffic areas does not seem smart especially on the northern end of their property. For once, lets close the wallets Universal and NOT sell or move hitchcocks hotel, or wsyteria lane sets....HHhhmmm....
Glad to see Citywalk expanding perhaps that resident cirque or blue man show will be good, but bottom line is they have so much potential inside the park for expansion rather than residential.
My perception is they do not use the land they have to it fullest potential. Examples include moving the annual pass areas to a smaller location, all the wasted space near Coke Soak City and T2, the globe theater waste and European backlot sets.....even the line ques for fear factor take up way to much room.
Wasted Space in my opinion....
Comments in chronological order. Most recent at the bottom. Scroll down to respond.
From Robert NilesThe plan was devised when Southern California's real estate market (as the rest of the nation's) was much hotter than it is now, thanks to inflation driven by the complete abandonment of mortgage lending guidelines.
Posted July 31, 2007 at 9:59 AM
Now that banks are no longer giving any mortgage to anyone who can fog a mirror, that inflation is gone, and the real estate market is collapsing. Which, in turn, means zero demand for the residences that the Universal plan envisioned -- at the prices that the plan needed to make the proposal work.
So don't be surprised if this plan doesn't become reality. I predict that Universal will reevaluate this plan soon. That doesn't mean more space for theme parks, though. If anything, Universal might just hold steady with what's it got until it sees how the real estate market plays out.
But it's not gonna build all this now.
From Ryan MilanioThe Universal Vision Plan, in my opinion, is their way of having their own city in Toluca Lake. Disney has basically most of Florida and Anaheim. Universal won't dedicate their new purchase land to the theme park. They'll probably try to make some more business with the studios and create more housing.
Posted September 22, 2007 at 6:18 PM
From Chris WaltonIt's disgusting to think that they're going to remove most of the historic studio tour to make room for a residential area.
Posted September 26, 2007 at 11:17 AM
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