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The portion of Universal Orlando's newest park is themed to the How To Train Your Dragon series of movies.
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The resort says the new park will be open in 2025.
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The companies believe that donating land with development deed restrictions will help workers struggling to find affordable rent.
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Shingle Creek Transit and Utility Community Development District will have only two land owners, including Universal.
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The Kirkman Road extension has been in the works for over 20 years.
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The new park will be the fourth gate in Orlando.
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The new gate was delayed because of the pandemic.
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The executive says the park will lean in to intellectual property from Illumination and Dreamworks.
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Construction for the fourth gate was stopped last summer as the parks closed in the pandemic.
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The results exclude the construction of the new Beijing park.