Universal Orlando Awarded Special Taxing District

The Street reports:

Disney’s battle against Florida Gov. Ron DeSantis just got a little more interesting after the theme park operator’s rival Universal Orlando Resort was awarded a special benefit that was taken away from Disney World.

The House of Mouse may have obtained some ammunition in its battle against DeSantis as the theme park operator’s rival Comcast’s Universal Orlando Resort was just awarded a special taxing district by a Florida county governing board.

The special district reportedly will use $174 million in bond proceeds to fund public infrastructure, including $129 million for the SunRail station on the Sunshine Corridor connecting Orlando International Airport to the Orlando Convention Center near Universal’s new park.

Click Orlando reports:



Universal’s Epic Universe will come under a special taxing district under a new ordinance approved by Orange County commissioners Tuesday. The commissioners unanimously approved a plan to establish the Shingle Creek Transit and Utility Community Development District.

The plan establishes an independent local government to handle financing, construction and public infrastructure improvements and govern the 719 acres of property located within an area that runs from Sand Lake Road south to State Road 528. It also levies taxes from taxpayers within the district.

There would be no residents within the district. There would only be two landowners, including Universal itself, meaning Universal would pay property taxes to the district.