Could Disney or Universal soon be seeing competition from a Six Flags or Cedar Fair park in their own Orland0 backyard? According to The Orlando Sentinel‘s Growth Spotter it’s definitely a possibility. According to the report, a large theme park developer with no presence in the area is negotiating for 200 acres near Universal. They’d be teaming with international partners to develop the site with a theme park, a water park, and hotels. Another potential contender is Palace Entertainment who is owned by Spain’s Parques Reunidos and owns Kenywood and Lake Compounce.
The Motely Fool reports that any of the above companies would likely present a less expensive theme park option for a cost conscious customer:
Six Flags or Cedar Fair staking a claim on Floridian soil would likely result in a park that charges much less for single-day admissions and annual passes than the leading national theme parks. This would eat into the visits from locals, and it could be a pretty big deal given the land’s proximity to Comcast’s Universal Orlando resort. We’re in the early stages of this story, but it could be one that resets the theme park scene and value proposition in Central Florida.