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The name Universal, often linked to movies, theme parks, and resorts, will now also be linked to another industry — housing.
Public and private partners broke ground Wednesday for a new housing complex on Destination Parkway in Orlando, that will offer 1,000 new living spaces, 75% of which will be kept as affordable.
The community, called Catchlight Crossings, will be developed on 20 acres of land near International Drive donated by Universal. As Central Florida grapples with an affordable housing crisis, where people who work in the area can't afford to live locally, John Sprouls, executive vice president and chief administrative officer...
Read MoreOur thoughts on this story:
This article has nothing to do with mobile home parks, but it’s so stupid that it warranted inclusion in this week’s news list.
Universal (yes, the theme park) is building “affordable” apartments in Orlando. They’re spending $350 million to build 1,000 units. That works out to $350,000 per unit.
Now you might ask how that is affordable? It’s not. Only a complete idiot would think that’s affordable. That’s higher than the median home price in probably 70% of all U.S. metro areas, including such places as Dallas, Tulsa and Omaha.
Has America really lost grasp of the concept of “affordable”? Is next up an article on the new “affordable” Rolls Royce? How did we all get this stupid?

