Universal Orlando will spend $120 million on new attractions

Posted | Contributed by Jeff

Universal Orlando Resort plans to spend as much as $120 million this year on the design and construction of new attractions, as well as on other capital improvements, to offset declining attendance. That's about three times what it spent in 2006 and about four times what it spent in 2005 for capital improvements, according to information contained in a report Universal Orlando's parent company filed this week with the U.S. Securities and Exchange Commission.

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