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Gotcha Glacier Loses Option on Anaheim Site

ANAHEIM, CA-The option has expired due to lack of financing, leaving the parcel near Edison International Field up for grabs. The project's developer, Glacier of Anaheim LLC, says it is exploring alternative financing options and hopes to get the project moving forward again.

By Erin Cassin | Updated on August 31, 2001

ANAHEIM, CA-The developers of the proposed Gotcha Glacier project in Anaheim may be forced to look for a new home for their 600,000-sf facility, as the option to build on the parcel recently expired.

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.”

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