New Disneyland Hotel CANCELLED

This topic has 6 replies, 7 voices, and was last updated 6 years, 1 month ago by sarahjoe37.

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October 10, 2018 at 4:21 pm #91036

bexruns
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WHOA
http://www.latimes.com/business/la-fi-disneyland-hotel-canceled-20181010-story.html

October 10, 2018 at 4:47 pm #91040

PA_Timekeeper
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What. A. Mess.

October 10, 2018 at 5:39 pm #91041

dngnb8
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WOOOOOOWWWWW!

October 10, 2018 at 7:59 pm #91079

SEJ101
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What a huge twist! That blows my mind! I wonder what will become of the kicked out restaurants! And maybe they’ll bring their runDisney back!

October 10, 2018 at 9:27 pm #91080

jman410_89
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At least Earl of Sandwich has returned and other tenants will remain the way it is. I hope?

October 11, 2018 at 11:42 am #91107

Julia
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yikes !

October 11, 2018 at 12:02 pm #91108

sarahjoe37
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Sounds like the City council has some work to do. I understand they want to keep more money in the city pocket for City needs. Of course they do. So maybe instead of cancelling the signed agreement, they went ahead and negotiated an addendum , perhaps changing from 15% tax rebate to 12%. With that amount of money at stake 3% more money in your pocket is an enormous number. The City is playing the tough guy and flexing it’s muscles, but at the expense of the market.

The City should have worked a little harder at negotiations. I am sure the pile of Disney lawyers had their noses in it too, though. Both parties need to put egos aside and work for an agreement since this development benefits both. As a former city commissioner (albeit, a much, MUCH smaller city) I can tell you bad public policy has a lasting effect on economic growth.
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