Universal expansion plan drops residential

NBCUniversal has killed a controversial proposal to build 3,000 homes on its property at Universal City. Instead the expansion will feature a new hotel and more room for the movie and TV studios and the theme park. "It's good for us. It's good for our neighbors. It's good for Los Angeles," Ron Meyer, president and chief operating officer of Universal Studios, said during a briefing with the Daily News. "The big news for us: We're focusing on the core business as opposed to residential." DN, Curbed LA, EIR