Universal Orlando gets millions in tax credits for ‘high-crime’ areas

Universal's operator has collected $4 million in job tax credits for high crime areas since '13

Feb.February 25, 2017 03:00 PM

The Universal Orlando theme park

The operator of the Universal Orlando theme park resort has collected millions of dollars in tax breaks designed for employers in high-crime areas – prompting a legislative proposal to kill the state program that provides the credits. The tax benefit ranges up to $1,500 for every full-time job stationed in a place that fits the City of Orlando’s designation of a high-crime area, which extends from the downtown area to the International Drive corridor, the city’s tourism district. Universal Orlando has 23,000 employees.

The Orlando Sentinel  reported that Universal City Development Partners, the operator of Universal Orlando, has received almost $4 million of these “high-crime” tax breaks since 2013, and joint ventures involving the parent company of Universal and Loews Hotels another $1.7 million. Rep. Paul Renner, R-Palm Coast, is sponsoring a bill to eliminate the state’s Urban High-Crime Area Job Tax Credit program. [Orlando Sentinel] Mike Seemuth

Related Articles


Universal Orlando buys 101 acres for $27.5M

Universal plans up to 3 hotels on ex-water park site

Universal Orlando plans hotel at water park site

Universal Orlando is planning its sixth hotel

Comcast buys 475 acres near Universal Orlando

Daily Digest Miami

Commissioners seek new plans for Melreese, Virgin Trains Aventura stop would have low ridership: Daily digest

Ross Dress for Less

Ross Dress for Less signs lease at historic former Burdines building in downtown Miami

David Kurz and eXp Realty CEO Glenn Sanford

Kurz Real Estate joins eXp Realty