By Roger Jimenez
The city of Ocoee is taking major steps toward building a massive regional sports complex that could transform the area economically and socially. On October 8th, the city approved measures to allow the developer, Montierre Development, to proceed with acquiring the remaining Ocoee land for this 150-acre mixed-use sports project, setting the stage for significant regional growth.
Details on Location and Impact
The complex will be located near the intersection of Apopka-Ocoee Road and Fullers Cross Road. Ocoee officials predict property values near the development will rise by 18-40%, with anticipated tourism revenue between $500 million and $900 million annually. While no groundbreaking date is set, the developer aims to start construction in 2025 and finish by 2027.
According to the Orlando Business Journal, the project is expected to generate a $600 million investment, including road improvements and construction, with 9,800 short-term jobs and 5,000 permanent roles. The annual economic impact is projected to be $540 million, signifying the complex’s importance for the community. As of now, Montierre Development has already acquired 132 of the 150 acres for $9.5 million.
Credit: City of Ocoee
Development Plans
The expansive project will feature:
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Sports Facilities: 17 multi-sport fields and a 150,000-square-foot indoor sports venue.
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Accommodations: 1,114 hotel rooms.
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Parking: 4,277 parking spaces.
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Community Amenities: A 20,000-square-foot welcome center, 30,000 square feet of outdoor entertainment space, and 130,000 square feet dedicated to restaurants.
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Retail and Entertainment: 180,000 square feet of retail and entertainment space, including 50,000 square feet for indoor activities.
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Professional Spaces: 10,000 square feet of office space.
Credit: City of Ocoee
*The items passed are contingent on Montierre Development purchasing and acquiring all the land needed for the nearly 150-acre site.
Overall
This ambitious development reflects Ocoee’s commitment to boosting local tourism, creating jobs, and fostering economic growth. With its extensive amenities and economic potential, the regional sports complex is primed to become a thrilling hub for sports and recreation, and a new promise of prosperity for the city and its surrounding communities.
Ocoee
The city of Ocoee, located just west of Orlando, offers a lively mix of suburban charm and modern living. Ocoee’s rich historical roots creates a dynamic, family-friendly community that boasts diverse residential options, from cozy single-family homes in quiet neighborhoods to upscale properties within gated communities, many of which feature lakefront views and amenities like pools, clubhouses, and walking trails. With a strong focus on cultural events, economic development, and maintaining a close-knit feel, Ocoee continues to attract residents and businesses alike, making Ocoee a truly standout destination for living, working, and recreation.
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