Disney promised a luxury hotel and Anaheim offered $267 million in tax breaks — but a growing feud has plans on hold [Los Angeles Times (CA)]
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Source: Los Angeles Times
Disney promised a luxury hotel and Anaheim offered $267 million in tax breaks — but a growing feud has plans on hold Walt Disney Co. has put a hold on plans to build a luxury hotel in Disneyland Resort’s shopping district, citing a feud with Anaheim officials over tax subsidies that the Burbank media giant was expecting to get from operating the hotel. The dispute centers on a $267-million tax break that the Anaheim City Council approved in 2016 for a 700-room hotel — the fourth hotel at the Disneyland Resort and the first high-end property built in 20 years. But since the tax break was approved, Disney has changed the location of the hotel. The city now says the subsidy applies only to the project as it was proposed at the previous address. Disney says the project may not be financially viable without the tax break. “You have given us no other choice than to put construction of the hotel on indefinite hold as the resort reevaluates the economic viability of future hotel development i
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