Developer backs out of Santa Anita mall project
http://www.thoroughbredtimes.com/national-news/2011/05/25/developer-backs-out-of-santa-anita-mall-project.aspx
Developer Rick Caruso has backed out of a stalled plan to build an outdoor mall in the Santa Anita Park parking lot.
The project announced in 2004 has faced repeated obstacles, including opposition from the adjacent Westfield Santa Anita mall and the bankruptcy of Santa Anita’s former parent company, Magna Entertainment Corp., which nullified Caruso’s agreement to partner in the development.
(via Instapaper)
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