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[30 Nov 2011 | No Comment | ]
Disney Pulls Out of National Harbor Project

Last week, The Walt Disney Company announced they would be pulling out of plans to construct a 500-room resort at National Harbor.
The parcel of land purchased for the hotel project was acquired in 2009 for $11 million, but in a statement released by Disney, a spokeswoman for the company cited “the full slate of expansion currently underway at Walt Disney Parks and Resorts” and timing issues as the reason for bowing out of the project.
Jon Petersen, senior vice president of the Petersen Companies, the majority owner of National Harbor, says:
We …