Central Florida will be home to the world's largest Legoland by the end of 2011, Merlin Entertainments Group said Thursday.
The park, which is planned for the former site of the historic Cypress Gardens, is expected to create more than 1,000 jobs. The historical gardens will stay intact, according to Nick Varney, Merlin's chief executive officer.
Varney announced the details of Florida's newest theme park at a news conference attended by government and tourism officials, including Florida Governor Charlie Crist.
Varney kicked off the event by calling Legoland Florida's "worst-kept secret," referring to the fact that details of today's announcement leaked out Wednesday, after an email surfaced confirming that it was indeed Legoland that was coming to Polk County.
Legoland, Varney said, "is without question one of the strongest brands in the world."
The Florida park is Legoland's second U.S. location, after Legoland California in Carlsbad, Calif. The addition of a Legoland in the Sunshine State is part of a broader push into the U.S. for Merlin.
"We see it as a big development market for us," Varney said.
Merlin Entertainments said it plans to make a "substantial investment" in the Polk County attraction. Governor Charlie Crist went further, saying the company will put hundreds of millions of dollars into the project.
In exchange for building a Legoland in Winter Haven, Merlin Entertainments will receive $5 million in incentives from Polk County over a 10 year period, plus road improvements. The package includes $150,000 per year for job creation and $350,000 per year in marketing support, sources said.
"Obviously in these challenging economic times, these jobs are fabulous," said Florida Sen. J.D. Alexander, R-Lake Wales.