 Arcadia City Council unanimously approved the project in 2007 after much heated debate between some residents in the community and corporate interests, which included ballot initiatives such as free parking for Arcadia residents, prevention of retail signage installations, and downsizing the project by the removal of condominiums from the project.Magna Entertainment filed for Chapter 11 bankruptcy during the Great Recession in 2009 and dissolved the partnership with Caruso Affiliated, with Caruso Affiliated a filing a $21 million bankruptcy claim in 2010 to cover damages Caruso Affiliated incurred as a result of the inability to complete the project.The plan to build "The Shops at Santa Anita" was ultimately terminated on May 20, 2011.