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  1. #1
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    Exclamation Disneyland's Fourth Hotel Canceled

    The Disneyland that Never Was has a new addition:

    Quote Originally Posted by OC Register

    Disney announces it’s pulling the plug on Anaheim luxury hotel

    By Alicia Robinson
    The Orange County Register
    October 10, 2018

    Plans for a new Disney-branded luxury hotel at the west end of Downtown Disney in Anaheim are dead, and the area will remain focused on shopping, dining and entertainment, Walt Disney Co. officials announced Wednesday.

    The proposed four-diamond hotel was expected to draw in business and pleasure travelers seeking high-end accommodations, but it’s been in limbo since August, when the city told Disney a move in the location of the project meant it could no longer receive a promised tax incentive. Construction on the 700-room hotel was supposed to start this year, in time for a 2021 opening. It was projected to create about 1,100 permanent jobs and generate $400 million in hotel room taxes over 20 years, plus millions more in sales and property taxes.

    On Wednesday, the company officially pulled the plug. “We’ve taken the time to review the economics of our proposed four-diamond hotel for Anaheim and have made the final decision to cancel the project,” spokeswoman Lisa Haines said in a statement.

    “While this is disappointing for many, the conditions and agreements that stimulated this investment in Anaheim no longer exist and we must therefore adjust our long-term investment strategy.”

    But under an incentive deal the Anaheim City Council approved in 2016, the city would have diverted 70 percent of the hotel tax over that time – about $267 million – back to Disney to help finance the project.

    The tax deal became a sore point for some city leaders and a political talking point for unions representing Disneyland Resort workers who have campaigned for months for higher wages.

    Several Downtown Disney businesses had closed to make way for the hotel, including the Rainforest Cafe, ESPN Zone and the Earl of Sandwich, a popular restaurant that recently reopened.

    Disney officials said they’re looking to bring back food and entertainment venues now that the hotel won’t go forward, but no immediate details were available.

    “We would have loved to have seen this hotel go forward, but we understand that the company needed to evaluate whether it was feasible for them,” Anaheim spokesman Mike Lyster said. “We look forward to whatever they may end up doing with the space.”

    Haines said the company hopes for a productive relationship with Anaheim city leaders.

    In November, Anaheim voters will elect a new mayor and vote on several council seats. They’ll also decide on a measure that would raise wages at Anaheim Resort District businesses that receive city tax subsidies.

    Haines said the timing of the hotel cancellation is a business decision unrelated to the election.
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  3. #2
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    Probably most weren't surprised by this news.
    Genna
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  4. #3
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    These Corporate handouts have gotten out of control across this entire county, and at every level of Government from the Feds down to the towns and cities. The whole process if absurd, like Amazon going around and having cities and states bow down to them and re-mortgage City Hall to try to bribe (and bribe is what it is, plain and simple) them to locate in their community. It's so unfair to small businesses, and I really do feel like we should amend the US Constitution to completely prohibit ANY and ALL kinds of Government welfare to businesses from occurring at ANY level of Government. Amending the Constitution would put every state and every city on a fair and equal footing, NO billion-dollar empire should expect to get a 20-year pass on paying property taxes, while local businesses and homeowners get to pay their property taxes and pay Amazon's and Disney's too.

    It's time for an Amendment 28!
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  5. #4
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    For that matter, state universities should be required to pay their fare share. In the town I grew up, the university has a multi-million dollar football team (and probably basketball as well), top researchers, and LOADS of tax free land, which limits their expenses. Guess who makes up for those tax breaks? Every stinking homeowner, business owner (large and small), and otherwise landowner, in the county.
    Genna
    Always Enjoy the
    ¸.•*¨)¸.•*¨)¸.•*¨Magic¸.•*¨)¸.•*¨)¸.•*¨

    "Now approaching, Mickey's Star Traders"

    If You Can Read This...
    ...Thank The Phoenicians!



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