Disney To Sell Celebration
Disney is in negotiations to sell Celebration, the much heralded master-planned community it successfully developed.
"Now Disney's development arm, having recently sold the Celebration golf course, is negotiating to sell the downtown core to an undisclosed buyer. The 105,000 square feet of retail space, 105 apartments and 94,000 square feet of office space is on the market because like other developers, The Celebration Co. has no long-term ambition to run a city... Somehow, perhaps by virtue of its very name, Disney made it acceptable to place million-dollar homes next to apartment buildings."
Thanks to The Practice of New Urbanism
Published on Friday, December 26, 2003 in
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