NBC Universal unveils plans for $3 billion development of Hollywood complex

Posted Thursday, December 7, 2006 8:59 AM | Contributed by Jeff

After more than a decade of false starts and neighborhood opposition, NBC Universal unveiled a $3 billion plan Wednesday for its 391-acre property that aims to boost tourism, create a new community of 2,900 apartments, condos and town homes and improve transportation. Designed as a blueprint for the next 25 years, the plan also calls for expanded studio production facilities, more office space, and a "refreshed" Universal CityWalk and its adjoining theme park, Universal Studios Hollywood.

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