Negotiators for Anaheim and Walt Disney Co. reached a tentative agreement recently on a proposed $3 billion Disneyland expansion.
"Major deal points have been agreed on," Anaheim public information officer Bret Colson said last wee. "Now, the fine print has to be worked out among the attorneys."
Both sides will spend the next several months negotiating a development agreement that is expected to include the city's commitment to issue revenue bonds to finance project-related public works improvements.
Disney officials still have not decided whether the expansion is worth the financial risk, according to a Disney representative who asked not to be identified.
"The development agreement is the biggest piece of this puzzle," the Disney official said. "Once we have that in writing the pieces will start to fall into place."
Last June, Anaheim council members approved an environmental impact report for the proposed 500-acre development. The project includes a theme park called Westcot Center, 4,600 hotel rooms, two parking garages, and a 5,000-seat amphitheater.
Disney officials have said they would not build the project without $750 million to $800 million of government financial support.