The project was lobbied against by Save Our Orange County Community, a group backed primarily by Universal Orlando. On December 1, 2015, the Orange County Board of Commissioners unanimously approved the project's rezoning. In 2015, Wallack Holdings LLC spent US$50,000,000 to develop a retail complex, a parking garage, and a Mango's Tropical Cafe on the southwest corner of the same intersection as Skyplex. In May 2014, a website seeking investors was published. The complex was designed by Helman Hurley Charvat Peacock/Architects Inc. After several successful land negotiations conducted under the name WF IDrive Realty, development of Skyplex and the roller coaster began. The project began in 2012 with a planned budget of US$500,000,000. On January 30, 2023, WPC (Winter Park Construction) confirmed that the project would not be moving forward. However, on December 21 2022, US Thrill Rides and Polercoaster, LLC filed for Chapter 11 bankruptcy. However, as of 2023, construction on the project has not begun, and it is uncertain if the complex would be built. The complex was originally planned to open in 2020.

In January 2019 the project was expected to cost US$250,000,000 and include space for a future hotel.

Plans for the complex include a 570-foot (170 m) tower which would feature the world's tallest roller coaster, Skyscraper, and the world's largest Perkins Restaurant and Bakery. Skyplex was a proposed and planned entertainment complex, It would be located on a 14-acre (5.7 ha) lot at the northeast corner of Sand Lake Road and International Drive in Orlando, Florida. Proposed entertainment complex in Orlando, Florida

Idrive incorporated