A proposed 55-story hotel next to the downtown Convention Center already has other area hotel owners ready to fight the City Council in court.
"The City Council agreed Friday to provide up to $290 million in subsidies and loans for construction of a 55-story hotel next to the Los Angeles Convention Center despite the vow of a competing hotelier to take the issue to the ballot.
Eight years in the making, the deal was approved unanimously, with backers saying it was critical to attracting enough business to the Convention Center to end a flow of red ink at the city-owned venue."
FULL STORY: City OKs Subsidies for Downtown Hotel
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