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  • Panel Urges City Subsidies for Hotel Project (Los Angeles)

    09/20/2005 6:23:32 PM PDT · by calcowgirl · 1 replies · 239+ views
    Los Angeles Times ^ | September 20, 2005 | Patrick McGreevy
    A City Council panel recommended Monday that Los Angeles provide $266 million in subsidies and loans to the developers of a 55-story hotel next to the Convention Center, but opponents threatened a referendum drive to put the matter before the city's voters. The financial deal was endorsed on a 4-0 vote by members of the council's Ad Hoc Committee on the Convention Center Hotel, with Councilman Tom Labonge and others saying that the project would make the center more competitive and breathe new life into downtown. (snip) The project also was endorsed by the Los Angeles Chamber of Commerce and...