Well... most of that is old news. That Uni was in the process of buying all that foreclosed land was well-known. The hiccup was that the previous owner was looking for a payday by claiming a right to keep Uni from building theme parks there. What is news is that the courts have told that guy, "nope."
The history:
1. Most of that land was owned by Lockheed Martin.
2. Uni bought the land from LM.
3. Uni self-imposed a restriction on the land that it can't be used for a theme park.
4. Uni sold the land to Thomas with the stipulation that the theme-park-restriction remained. And, aha! We now know why Uni bought and sold the land: to keep anyone else from buying the land with the purpose of putting up a competing theme park by attaching the restriction to it.
5. Thomas lost the land due to foreclosure during the Great Recession (most likely he couldn't afford the real estate taxes). Land reverted to Orlando.
6. A different real estate buyer bought the foreclosed land.
7. Uni bought the land back.
8. Uni got their ducks in a row with Orlando zoning to put a theme park there.
9. Thomas pops back up with the claim that when he bought the land, he was given the duty of making sure the land was never used for a theme park. And even though the land was foreclosed on, he retained that right and was going to exercise it to keep Uni from building theme parks on it, and so he sued. [It was pretty obvious he was looking for a pay-out from Uni to drop the suit.]
10. Uni decides to make the southern most part of the area overflow parking for the Orlando Convention Center. It's pretty clear that Uni is angling the new property to be the go-to theme park destination for all the folks in the local hotels attending conventions.
11. Uni just won the suit against Thomas. There is nothing restricting them now from developing all that land pretty much as they wish (though, very likely there will be wetland considerations for a that big chunk on the east where there's ponds, canals, and low-lying drainage swamps.
In the pic below, all the red and all the orange is now Uni's free and clear to develop as they like (zoning and conservation permitting).
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