Take a look at this map of the proposed development, paying close attention to the buildings in pink. Those are to be the new theme park/entertainment buildings. They include expanded parking garages, but also new attraction developments, as well. Then compare that with a current aerial-view Google Map of the property.
Here's what appears to be going away in the Universal Studios Hollywood plans, to be replaced by new development:
That doesn't necessarily mean that Universal won't rebuild some of these attractions. In fact, the plans explicitly call for a new, expanded tram tour stop down the hill, just above the current site of the Tokyo Drift segment. And the car graveyard next to that will be replaced by some sort of entertainment building. The plans are also consistent with what we've heard about the development of the new Wizarding World of Harry Potter at Universal Studios Hollywood, that it will be centered around the current site of the Gibson and of Waterworld.
There's lots of space devoted toward theme park expansion in these plans, something that got a bit shortchanged in previous plans. Coupled with the aggressive new development we're seeing in Orlando, Universal's new owners (Comcast) appear to have bought in to the idea that investing money in theme parks is a great way for NBCUniversal for earn new business down the road. That's great news for theme park fans. Now, we'll just have to wait and see what Universal does with these new plans.
And to speculate about them, of course. ;^)
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It appears that they won't be expanding Universal Studios Hollywood footprint, which is too bad since this park is a half day experience. The new buildings won't add too much to increase your day's experience at the park. No word yet on demolishing the Gibson Theater.
What's confusing about the map is some of the overlays. Gibson is clearly still shown, and I've recently heard a rumor that it is not going anywhere, but may be used to house a theme park attraction. Could it become dual-purpose, special events and house a show?
I don't see any change to the Studio Tour loading area.
While I love Waterworld, it's gone on this map and it's probably time for a change. They got more out of the show than that movie franchise ever offered.
The 2nd 500-room hotel appears that it will be built atop the parking structure that is currently there.
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It has always demonstrated to me that an excellent theme park attraction can be generated from a fairly average movie. The offspring, as it were, surpassing the achievements of it's parent.
It has all the elements to make it thrilling and is always very well performed.......unlike a few others I could mention.