The development partnership, Glacier of Anaheim LLC, was unable to scrape together the financing needed to begin construction on the $130-million sports-themed project. It was slated to rise on a parcel near Edison International Field, but the developers did not ask for an extension and as a result, "the option on the Anaheim site expired," says City Councilman Thomas Tait. Although Tait says he would be receptive to giving Glacier another option on the land, he does warn that he and other city officials are "keeping our options open as far as looking for other ideas for the site."
Meanwhile, Glacier is optimistic about the project's future, saying in a recent release that it "is vigorously pursuing alternative financing options." "The project is not dead for that site (in Anaheim)," says Michael Gerard, a member of Glacier's management committee.
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