MARIN COUNTY -- Lucasfilm pulled the plug on its bid to develop the old Grady Ranch on Tuesday, citing bitter opposition from neighbors and regulatory delays, and said it intends to sell the land for a low-income subdivision development.
Saying it was withdrawing the project "with great sadness," Lucasfilm added it will build the production studio facilities it needs elsewhere."The level of bitterness and anger expressed by the homeowners in Lucas Valley has convinced us that, even if we were to spend more time and acquire the necessary approvals, we would not be able to maintain a constructive relationship with our neighbors," the firm owned by billionaire filmmaker George Lucas added.
"We plan to sell the Grady property, expecting that the land will revert back to its original use for residential housing," Lucasfilm said. "We hope we will be able to find a developer who will be interested in low-income housing since it is scarce in Marin. If everyone feels that housing is less impactful on the land, then we are hoping that people who need it the most will benefit." More here
Now I like Lucas even more :)