Any chance Universal would build a second water park on the 475 acres it owns by the convention center? That should be enough land for two dry parks and a water park, which would essentially match Disney's portfolio.
Watching what happened to Water Mania, I'll say this. Orlando can support any number of whatever you put here.
Take Malls (Indoor or outdoor) for Example.
Orlando area has upwards of 10+ open air/indoor malls shopping retail centers. How each one fairs is decided by what offerings are available and who can keep up with growing technological advancement and easements for consumers.
Orlando still being the most visited city in the world can easily support 5 water parks and multiple theme/adventure parks.
If Universal decides to build a new water park on the other land , it just depends on the market and whats offered.
How do you top Volcano Bay, make Volcano Bay mistakes and dislikes better? How do you make people by a two park water park pass instead of an aquatica pass or water park after two pass?
All of these questions and more will contribute to whether or not a 2nd water park is feasible.
And one of the most important things. WHERE.
Volcano Bay couldn't have been in a better spot and even remembering the Cabana Bay Land being completely empty few years back, no one could have predicted that.
In All it will be interesting to see if a FunSpot Water Park is ever built and how the other parks fair after the first full year round opening of Volcano Bay.