The International Association of Amusement Parks and Attractions (IAAPA) paid $3 million on Friday for roughly 7 acres next to Darden Restaurants' corporate headquarters, where it plans to build a new headquarters office east of Orlando's tourism corridor.
Located in roughly the 4100 block of Taft Vineland Road, southwest of the Beachline Expressway intersection with S. John Young Parkway, the 6.97-acre investment puts the leading theme park trade group in the world's top theme park market.
"The closing of the land purchase today is an important step forward in the relocation of IAAPA's global headquarters to Orlando," said spokeswoman Colleen Mangone. "We are excited that our focus can now fully shift to the design and development of the new building, which we envision as the industry's home for decades to come."
Orange County commissioners approved an incentive package earlier this year of $48,000 over five years for IAAPA to move its headquarters here with 40 high-wage jobs, and a seven-year, 50 percent property tax abatement totaling close to $65,000.
The association will also receive tax incentives from the state of Florida for the move, and has committed to its annual global conference and trade show at the Orange County Convention Center through 2030.