Studio City News
STUDIO CITY—Universal Studios theme park, located at 100 University City Plaza, was given the green light to considerably expand on Tuesday, April 23.
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 revenue.
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.
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