STC Management is a long term Strip Mall Investor.(over 35 years).
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Also, the AGW is actually 4 properties. STC owns the Retail portion, and manages it.
The JW Marriott owners have the second part. the dirt lot on corner of Disney Way and Clementine is another Hotel location. And then there is the 4th part, a timeshare property on the top of the parking structure, owned by Bluegreen. Since the city purchased the land for redevelopment, it has required deadlines to be made, or the city can get the rights back due to default. (The project was called Pointe Anaheim originally).
So the property is complicated, and I wouldn't be surprised that the Disney lawyers advised against the purchase
And of course, UNITE HERE created a multi-year delay in the project.
OC Superior Court Judge David McEachen has ruled against a left-wing activist group’s lawsuit against Anaheim’s economic assistance agreement (EAA) with the GardenWalk Hotels project. As we reported two weeks ago, Judge McEachen issued a tentative ruling against Orange County Communities...
www.anaheimindependent.com
Anaheim will lose out on more than $33 million in net tax revenue due to a doomed lawsuit by a UNITE-HERE Local 11-controlled political pressure group that delayed the opening of the 4-Diamond GardenWalk hotels for 6-8 years beyond their planned 2014 completion date. That is millions in critical...
www.anaheimindependent.com