04/10/2012 07:33 pm ET Updated Jun 10, 2012

LucasFilm Pulls The Plug On Movie Studio Grady Ranch

After several public meetings on the merits of its proposed digital studio in Lucas Valley, Skywalkers Properties LTD. decided to withdraw it's application for the project.

"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 company stated in a press release Tuesday.

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