It’s the first major, traditional theme park to open in Florida since 1999, when Universal Islands of Adventure debuted, though Universal opened a themed Orlando water park, Volcano Bay, in 2017. The addition of Epic Universe brings the total number of parks at the Florida resort to four, including Universal Studios.

Snaith’s research also found that Epic Universe will likely generate around $2 billion for the state of Florida in its first year of operation. It’s projected to create more than 17,500 new jobs in its first year of opening.

The new $7 billion Epic Universe marks the first new major theme park in the United States in a generation and throws down the gauntlet in Universal’s crosstown showdown with rival Walt Disney World that promises to get even more heated over the next decade.