When SWL was announced the number one location speculated was the parking lot. Over and over it was the parking lot connecting with ST. Even though the new road/entrance from Victory has been opening discussed for three years, no one placed SWL on the forested land until the watershed permits started to show up. While that would take too long, it wouldn't take too long to turn it into parking if working at same time. Things quieted and everyone jumped on the SoA area with their color blocks, but Muppets was the roadblock there. All speculation that it would fill in Echo Lake was kinda dumb ... why block popular restaurants and firework viewing areas? Never believed any of that but can see Indiana going. While not as many predict the demise of Indiana in convos, there were other convos that felt it's time had come. They only need it now until close to the new WWoS venue opening.
Bottom line the parking lot options for SWL has been out there since last August when the land was announced. It's nothing new. Now maybe new rumblings have started from CMs or others to revive it but honestly I don't think it ever was off the table - just off the rumor mill. Below are photos
posted LAST summer of predicted areas.
Here is some interesting reading in timeline format ...
http://www.wdwthemeparks.com/rumors/2014/08/10/major-overhaul-coming-to-hollywood-studios
RED IS STAR WARS, posted in October from credible source.