The park will be built on a 4.5-acre parcel of land that is currently part of Legoland's parking lot.
"There is material uncertainty on our ability to continue as a going concern," Merlin Entertainments said in its annual report.
Merlin Entertainments partially blamed a drop in revenue to "limited momentum" from "Lego Movie 2," which earned less than half what it predecessor did at the box office.
Merlin Entertainments, the British company that owns the Legoland Florida, Madame Tussauds and Sea Life Aquarium attractions in Central Florida, is recommending acceptance of a takeover bid by a consortium that includes the Kristiansen family, the wealthy Danes behind the Lego Group.
Lego Movie World isn't just Legoland Florida's largest expansion ever, but it's potentially a precursor to grander attractions and lands — if it can attract enough attention and isn't weighed down by disappoint... Read More
The resurgent SeaWorld Entertainment chain saw its stock price jump on Tuesday thanks to a single report that Six Flags may purchase some or all of SeaWorld’s theme parks. The sole source for the rumor was a ... Read More
Merlin Entertainments has no interest in acquiring SeaWorld or any of its parks. The second largest theme park operator in the world refuted a Bloomberg report that said they were talking to SeaWorld Parks &am... Read More