Disney Sells Celebration
The Walt Disney Co. ends its experiment in urban planning and sells Celebration to Lexin Capital, a private real estate investment firm for an undisclosed amount.
"Lexin Capital's purchase encompasses 18 acres containing 16 retail shops, six full-service restaurants, more than 94,000 square feet of commercial office space, 105 private apartments and three land parcels... When Disney founded Celebration in 1994, it based its designs on the concepts of new urbanism, a school of urban planning that emphasized sidewalks and the mixing of residential and commercial space."
Thanks to Chris Steins
Published on Wednesday, January 21, 2004 in
- Urban Planning Trends to Watch in 2019
- The Year in Skyscraper Construction
- A Compelling Case for Protected Bike Lanes
- Is Pay by Distance Unfair to the Poor?
- Understanding the 'Dark Store Theory' Costing Local Governments Millions in Property Tax
- Rising Homelessness, Erroneous Data: Rethinking Utah's 'Housing First' Policy
- From Vacant Property to Affordable Housing Development
- Let's Hope Trump Considers Infrastructure a National Security Issue Too
- A Better Travel Experience
- Mall of America Gets Opportunity Zone Status
- Plan to Speed Up Relief Line Construction Pitched in Toronto
- Needed: A New Approach to the Colorado River
- Another Lawsuit Complicates Purple Line Plans in Maryland
- Bill Would Make California's Urban State HIghways Safer for Non-Motorists
- AV Investments Outpacing Consumer Demand: Report
- An Illustrated Exploration of Portland's Homeless Community
- Chicago's Pace Wants to Put More Buses on the Highway
- The Netherlands Seeks Less Confrontational Strategies to Stop Fare Evasion
- 'New Mobility' for Everyone
- Food Insecurity a Growing Problem in Louisville
