Universal Studios Will Expand
Posted by Kyle Maloney on Apr 24, 2013 - 2:52:58 PM
STUDIO CITY—Universal Studios theme park, located at 100
University City Plaza, was given the green light to considerably expand on
Tuesday, April 23.
The Los Angeles County Board of Supervisors
approved the plan for NBCUniversal at a board meeting on Tuesday. Supervisor
Zev Yaroslavsky praised the expansion project, saying, “Today’s action ensures
that one of L.A.’s most historic motion picture and television studios will
continue to be a pillar of our hometown industry.”
Universal Studios Hollywood. Photo courtesy Facebook.
Called Universal Evolution, the $1.6 billion project has
been in the works for nearly a decade, and is expected to add 1.88 million new
square feet to the area.
Plans for the project include more studio and retail space,
office buildings, a 500-room hotel and The Wizarding World of Harry Potter, a
new theme park attraction.
The expansion is estimated to create more than 30,000 jobs,
and according to an NBCUniversal spokeswoman, the economic impact will be more
than $2.7 billion during construction and more than $15 million in new county
A total of $100 million will also be put into transportation
and transit improvements in order to help alleviate the expansion’s effect on
traffic. In addition, the company will invest $13.5 million to fund green space
and bike paths along the Los Angeles River from Griffith Park to Studio City.
Construction for the Universal Studios expansion is
scheduled to begin this summer.