Proposed low-cost housing site in Anaheim sold to hotel developer in resort district

Posted | Contributed by Jeff

The site of a proposed low-cost housing project near Disneyland that ignited a firestorm of protest has been sold to a Texas hotel developer. Renaissance Development, a Fort Worth company with more than $1 billion in past projects, said Thursday that it planned to build three upscale hotels and restaurants, shops and pubs on the 26-acre parcel. The sale could signal an end to a battle that has divided Anaheim over the last 18 months.

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Will Disney be any happier about this? I guess maybe they will, becuase it's going to be upscale.

I can't believe it took that long. If you have property you want to profit from, why wouldn't you take the path of least resistance?

Not too long ago, housing was where it was at. I'm nopt sure what kind of agreements the family had with SunCal, but I'm sure it meant more money for the family and safety for the developer. I think that it may not have been the path of least resistance, buty perhaps the path of most money.

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