Universal Orlando faces cash squeeze next year if it can't refi...

Full story: Orlando Sentinel

Movies by director Steven Spielberg have inspired big attractions at Universal Orlando, including Jurassic Park River Adventure in Islands of Adventure.
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1 - 20 of 30 Comments Last updated Apr 13, 2009
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doug diggler

Merritt Island, FL

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#1
Apr 7, 2009
 
They should just shut down Universal Studios (it sucks) and concentrate on Islands of Adventure. Maybe then they can get a decent roller-coaster.
ditch digger

Sanford, FL

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#2
Apr 7, 2009
 
Another one bites the dust
sound byte

United States

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#3
Apr 7, 2009
 
It's time for a toll increase...
fcat

Boynton Beach, FL

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#4
Apr 7, 2009
 
drop the ticket price to 25.00 and they will have to turn people away!!!
Tourista

United States

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#5
Apr 7, 2009
 
Extremely good reporting done for this story, and plenty of space given to telling it. Reminiscent of about 20 years ago, when the paper let its reporters own the story and readers got more than they paid for.
Thank you, Jason.
Talk To Me

Windermere, FL

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#6
Apr 7, 2009
 
Absolutely great reporting Jason. Where did that come from. You've been holding out on us. Now you're ready for the big time. Don't let it go to your head.

And you won't get the chance to find something on me.

Since: Nov 08

United States

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#7
Apr 7, 2009
 
No worries, sounds like an organization ripe for a government bail out!
Will be the next step, government owns the auto industry, the banks and now the entertainment industry!!
Reality Check

AOL

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#8
Apr 7, 2009
 
wow.. the Sentinel just wowed me with its reporting...
malloy

Mount Dora, FL

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#9
Apr 7, 2009
 
so basically it's the fault of the greedy Spielberg. Ironically he lost a lot of $$ because of another greedy gentleman, a certain Madoff....
louie

Lakeland, FL

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#10
Apr 7, 2009
 
Well...the park is the cheapest attraction in Central Florida-affordable for Florida families unlike the Mouse's parks.
I wish them well and hope that they can ride this out, I know a lot of people that work there and hope they are all able to keep their jobs.
holland

Lakeland, FL

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#11
Apr 7, 2009
 
HOW BOUT LOWER THE PRICES TO YOUR OVERRATED PARK.
ho hum

United States

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#12
Apr 7, 2009
 
lots and lots of "ifs" in that article...
Darzzzghhg

United States

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#13
Apr 7, 2009
 
Tourista wrote:
Extremely good reporting done for this story, and plenty of space given to telling it. Reminiscent of about 20 years ago, when the paper let its reporters own the story and readers got more than they paid for.
Thank you, Jason.
Agreed, worthy of the Wall Street Journal.
Jack

United States

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#14
Apr 8, 2009
 
I think we should give Universal Orlando a GOVERNMENT BAIL OUT and then give their executives FAT BONUSES with tax payer money to Boot. Then they could raise their prices and not have to worry about the present short fall because they'll be funded with debt borrowed from our children's children, just like AIG, Fannie Mae and Fannie Mac! Why not? Everyone else rapes our God damned wallets!
wow

Fort Myers, FL

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#16
Apr 8, 2009
 
got to love when your folks read your stuff
Albi

Delray Beach, FL

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#17
Apr 8, 2009
 
I hope everything works out - the Universal Parks are so much better than the Disney Parks.
Robert Viands

Fort Lauderdale, FL

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#19
Apr 8, 2009
 
Yes, great story, lots of info.

CBS sold off Paramount parks. Cedar Fair was dumb enough to buy them. Now In-Bev wants to sell off the Busch parks. A foreign company screwing up something that was once good, I no longer drink Busch beer.

NBC owns Universal, and they probably don't care about the parks either because it doesn't make them millions like a movie. The bean counters at the top see no profit from the parks, and want them off the balance sheet.

Orlando is not a good tourist city any more when they're top 20 in crime years running, 7th most abandoned city by Forbes, and the city is shrinking.

Karma's a bummer when they're banning 25k people a year telling them to stay away. No one will be left to visit, even with the new coaster and HP land.
Crazy

United States

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#20
Apr 8, 2009
 
The story was well written, but this has been discussed in every quarterly filing for a number of years. It isn't Spielburgs fault, but they will just pay him a bunch of money now to agree not to put his option for another 5 years and make the refinancing possible. Universal continues to raise the ticket prices, layoff a bunch of employees, but still accrue $4.5 million to their top executives in 2008 for the 3 year incentive plan. That is far more than they accrued in 2007 when the Company was doing well.
You know

Jacksonville, FL

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#22
Apr 8, 2009
 
Move the Mummy ride over to Islands of Adventure, then shut down Universal.

Wait, take Jimmy Neutron and that cool Ball Pit throwing room too =)
Bailout

Covina, CA

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#23
Apr 8, 2009
 
Give them one. Everyone else gets one.

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