It's looking like the twin Marriott tower (a Courtyard and a Residence Inn) planned for LA Live will be getting some help from the city, in cold hard cash form. The City Council's Trade, Commerce and Tourism Committee voted today to hire a consultant "to determine the size of the proposed subsidy for the Olympic Boulevard hotel project. According to language in the proposed negotiating agreement, the city could offer [developer] Williams/Dame the opportunity to keep as much as 50% of the tax revenue generated by its 392-room hotel project." [LAT]
Filed under:
Keep the Taxes, South Park Marriotts
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