More details from Universal Studios Beijing contract signing ceremony:
The Universal Beijing Theme Park and Resort Joint Venture Agreement Signing Ceremony was held in New York at the headquarters of Comcast NBCUniversal.According to previous reports, the overall investment in Beijing's Universal theme park will be more than 50 billion yuan (US$7.85 billion), in which 21.5 billion yuan (US$3.37 billion) will be invested into building the core area. The development of the first phase of the theme park will be finished in 2019 and Beijing's subway line 7 will also be extended to allow an easier commute to the park.Source:Beijing's Universal theme park and support facilities will occupy a 120-hectare site in Tongzhou District, Beijing. The theme park will be accompanied by a Universal CityWalk entertainment complex and a first-ever Universal-themed resort hotel. The theme park will blend China's rich cultural heritage with Universal Parks & Resorts' unique family entertainment experience and Hollywood movie culture with Hollywood mogul Steven Spielberg as a creative consultant.
The park will be jointly owned by Beijing Shouhuan Cultural Tourism Investment Co., Ltd., a consortium of four state-owned companies, and Universal Parks & Resorts, a business unit of Comcast NBCUniversal. The sequel projects after 2019 will include the second theme park, a water park and another five resort hotels.
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