LA Braces For $1 Billion Staples Center Development

Covering six blocks, the mixed-use plan will include theaters, restaurants, and a massive hotel within walking distance of the Convention Center. City officials have yet to include financial support.

1 minute read

July 15, 2004, 10:00 AM PDT

By Jeffrey Goodman

Hoping to cash in on the lucrative convention trade, Los Angeles may finally have the one piece it lacks: a major downtown hotel. Under Philip Anschutz's new plan, six unused blocks between the business district and the Convention Center would be transformed into a 4-million-square-foot development anchored by a signature 55 story, 1,200 room hotel. Despite predictions of up to 20,000 new jobs, the city and Mayor Hahn are waiting for more information before offering a deal to the developer.

Thanks to Jeffrey Goodman

FULL STORY: Developers Set to Start Staples Center Project

Wednesday, July 14, 2004 in The Los Angeles Times

Community / Economic Development California

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