Disneyland has officially pulled the plug on plans to build its fourth on-site hotel near Downtown Disney.
Walt Disney Company officials announced today that plans for the 4-diamond, 700-room mega hotel will not go forth. This is due to an ongoing disagreement between Disneyland and the City of Anaheim.
Plans were originally put on hold in mid-August, after the City of Anaheim eliminated a tax rebate agreement that would have been very good to Disneyland–to the tune of $267 million over the course of a 20-year period. Those funds would have been used to help fund the massive project that had a projected completion date of sometime in 2021.
The new luxury hotel would have created almost 1,100 jobs. It would further have generated $400 million in hotel room taxes over that 20-year period.
On the far end side of Downtown Disney, near the projected location of the new property, several dining and entertainment venues had closed to allow for construction to begin. One of those venues–Earl of Sandwich–just underwent its grand reopening, but it’s not clear whether other venues will reopen. Those include the ESPN Zone, AMC Theaters and more.
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