Universal Says Proposed UK Theme Park & Resort Will Give $53B Boost To Country’s Economy
Universal has suggested that a proposed UK theme park and resort will generate close to $53B (£50B) in economic benefits to the host country.
Universal Universal Destinations & Experiences (Udx), the theme park unit of Comcast subsidiary NBCUniversal, announced last December that it had acquired a 476-acre site for a proposed new UK location outside the town of Bedford, some 60 miles northwest of London.
It is currently carrying out feasibility and due diligence studies and is set to make a final decision on the project by the end of this year.
An Economic Impact Analysis (Eia) report, commissioned by Udx as part of this process and released today, has forecast a net economic contribution of $37.4B (£35.1B) billion over the construction period and first 20 years of operation.
The report also estimated the site would generate up to $15B (£14.1B) in net additional tax returns for the UK over the same period.
Universal Universal Destinations & Experiences (Udx), the theme park unit of Comcast subsidiary NBCUniversal, announced last December that it had acquired a 476-acre site for a proposed new UK location outside the town of Bedford, some 60 miles northwest of London.
It is currently carrying out feasibility and due diligence studies and is set to make a final decision on the project by the end of this year.
An Economic Impact Analysis (Eia) report, commissioned by Udx as part of this process and released today, has forecast a net economic contribution of $37.4B (£35.1B) billion over the construction period and first 20 years of operation.
The report also estimated the site would generate up to $15B (£14.1B) in net additional tax returns for the UK over the same period.
- 6/26/2024
- by Melanie Goodfellow
- Deadline Film + TV
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