So far, two of nine parcels have been bought, including therecent acquisition of a 4.4-acre parcel. The purchase of more ofthe nine parcels is expected to close shortly, and the leasingagent, Strategic Retail Advisors in Newport Beach, is confidentthat the Pyrovest situation will be worked out eventually.

"It's just a very difficult project in that what we're trying todo hasn't been done before," Limburg says. "The city wants thisproject to happen. We certainly have the tenant interest, it's justa matter of the financing issues."

Approved unanimously by the Anaheim City Council in June 1999,the city required that the project be built in a single phase.However, since the developers have been having problems raising the$500 million required up front, Limburg says they are working ongetting the city to allow them to build in phases."