Update July 24th 2015
Theme Park Insider reports that Wet N Wild, and the large expanse of land beside it, will become the home of two new large Universal Orlando hotels!
We’ve even seen rumors of a monorail system linking the new hotels to CityWalk!

Drop SlideAfter almost 40 years of faithful service, America’s first ever water park will shut down its colossal water pumps for the very last time.
On New Years Eve of 2016, the final guests will grab one last chance to enjoy the 17 Universal Studios owned water slides and features.

To some, Wet N Wild is an aging relic in need of investment if it was to compete with the newer and highly themed Typhoon Lagoon, Blizzard Beach and Aquatica water parks in Central Florida.
To others, the demise of this adorable water park will call time on a favorite family destination that has built generations of vacation memories.

Wet N Wild always seemed a little in need of attention for sure, but once inside, the guests did not seem to mind one bit.  In fact, Wet N Wild always seemed to have a better mix of family friendly attractions to mix in with its headline ‘wedgy inducing’ extreme slides!

The motivation to turn off the water at this 30 acre water park is generated by a huge ongoing investment being made by Universal Studios as it hits Orlando with a full blast of the ‘money hose’.

Major new theme park areas are already up and running at Universal Orlando, and with more to come, plus new hotel areas, there’s no room for inefficient attractions and accommodations networks.
Universal must feel the effects of that painful car journey that lies between the CityWalk parking lot and Wet N Wild.  It’s not easy to get thousands of resort guests back and forth to I-Drive!

The great news of course is that Volcano Bay water park will open in the Universal Resort area in 2017 offering a very unique themed fun area for guests to splash and play in that hot Orlando sun!

Meanwhile, all sorts of rumours exist about the fate of the Wet N Wild area.
It’s highly unlikely to me re-modeled into another water park, especially since Universal also bought a huge swathe of land just to the side of the Wet N Wild parking lot.
A new, uniquely branded and themed economy hotel, with resort features might well be Universal’s plan to develop the site.  (Rumour only!).