Poor signless, stripped and tagged up Palladium. Final renovations of the 68-year-old Sunset Boulevard theater are being held up by a dispute between current tenant Live Nation and Local 33, who want the theater to hire union stage hands. According to the Los Angeles Business Journal's Brett Sporich, union members are putting pressure on the Community Redevelopment Agency (CRA) to hold off giving Palladium owner Newport Capital the $2.5 million loan needed to finish the project. (All told, renovations will cost $18 million.) Despite CRA Chief Executive Cecilia V. Estolano's insistence that her group is working to settle the dispute, "not everyone is optimistic that the union and Live Nation will work out an agreement, or that the redevelopment agency will issue the loan if the dispute continues." John Tronson, a principal in the Hollywood office of Ramsey Shilling Commercial Real Estate Services tells the paper: "I’ve been told that if they (Newport Capital) don’t get the $2.5 million, they’re just going to slap a couple coats of paint on the building, put up the old sign and walk away." As previously noted, the theater was supposed to be completed in October. Here's how that old sign looks like.
· Strife Plagues Palladium Renovation [LABJ]
· CurbedWire: Palladium Sign Gone, MacArthur Park Tree Art Answered [Curbed LA]