CRA In Hot Water In Hollywood
23 September 2000 - 8:00am
The CRA approved $4 million to keep a Hollywood landmark. But money paid for land for a parking garage has landed them in a city-wide controversy.
The CRA has voted to invest $4 million to keep the Capitol Records Tower in Hollywood. The CRA paid $1.45 million in 1998 to buy a parking lot which was intended to become a garage for the Tower. That land had been appraised earlier at $795,000. City Council members have promised scrutiny and an audit of the transaction.
Full Story:
CRA Approves $4 Million to Keep Capitol Records
Source:
The Los Angeles Times, September 22, 2000
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