Proposed Downtown L.A. Hotel Causing Controversy

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.

1 minute read

October 4, 2005, 12:00 PM PDT

By Brenda Meyer

"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."

Read the full story: City OKs Subsidies for Downtown Hotel

Monday, October 3, 2005 in The Los Angeles Times

Community / Economic Development Urban Development California

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