Success: NBCuniversal Project Gets Final OKs
The NBCUniversal Evolution Plan, a $1.6 billion private-sector investment to expand Universarl Studios theme park and production facilities - and create as many as 35,000 jobs - has received final approval from the LA City Council and LA County Planning Commission.
The BizFed-supported project includes extensive upgrades to the company's movie and television studios, including new sets, soundstages and technology, as well as new hotels, $100 million in transportation improvements and expansions at CityWalk and the theme park.
Work could start this summer--first up is the new Wizarding World of Harry Potter attraction and the production facility upgrades.
Learn more about the plan here.
Officials estimate the project will create 35,000 construction and production jobs.
NBCUniversal also will build a small riverfront park and create a bicycle and pedestrian path. The company also will provide $100 million in transportation improvements, $3.5 million in support of the Los Angeles River and $1 million for community organizations.