Los Angeles Business Journal, June 16th, 1997
Studio Expansion Plan Now Faces Long Odds
When Los Angeles County Supervisor Zev Yaroslavsky and City Councilman John Ferraro dropped a bomb on Universal Studios Inc.'s expansion plans by recommending a 40 percent cut in the project. it was another sign of the enduring power of homeowner groups in local politics.
The expansion plans had been enthusiastically endorsed by business and the city's important tourism industry, which concluded that the hotels and theme parks planned by Universal would attract thousands of visitors who now make Disneyland and San Diego their preferred destinations...
HighBeam Research, Free Preview: 'Universal clobbered by homeowners. (Universal Studios Inc.)'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
