The New York Times wades into Century Plaza hotel drama, talking with developer Michael Rosenfeld about his plans to tear down the hotel (which he bought in summer 2008) and build two towers. "In an interview, Mr. Rosenfeld, who can see the hotel from his office in Century City, said that when he bought the building (with backing from the D. E. Shaw Group, a hedge fund), he had no plans to demolish it. The idea, he said, came from the Los Angeles City Planning Department, which is working to make Century City more pedestrian-friendly." [NY Times]
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