Universal Orlando faces cash crunch next year

Posted Saturday, April 11, 2009 11:16 PM | Contributed by Jeff

Orlando's No. 2 theme-park resort is warning that it could face a cash crunch by next spring, as turmoil in the credit markets — and an obscure clause in its long-standing contract with famed filmmaker Steven Spielberg — complicate its efforts to restructure nearly $1 billion of debt. If Universal Orlando is unable to rework the loans in coming months, it could be forced to slash spending on new attractions, seek more money from its owners or even put a piece of the resort up for sale.

Read more from The Orlando Sentinel.

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