Disney cancels plans for a resort near DC

Posted | Contributed by Jeff

The Walt Disney Co. has canceled plans to build a Disney-branded hotel near Washington, D.C., less than three years after spending $11 million to buy land for the project. Disney acquired the property — 15 acres in a development called National Harbor, just outside the District of Columbia — in May 2009 as part of a strategy to develop standalone hotels or smaller, niche theme parks.