Which Way, L.A.?
Do Downtown LA Hotels Need Subsidies?
Despite cutbacks in police, fire and other public services, the Mayor and City Council are giving $640 million in tax revenue to hotel developers in downtown LA.
By Warren Olney • • 52m ListenAt a time of cutbacks in police, fire and other public services, the Mayor and the City Council are giving back some $640 million in tax revenue to the developers of three hotels in booming downtown Los Angeles. Is it a sound "investment" or a giveaway? Would the hotels be built anyway? Why is it that hotels in the rest of the city don't get the same deal? Also, the Lakers' season is over after the second round of the playoffs. What's next? On our rebroadcast of today's To the Point, what are the Republican presidential aspirants waiting for?
Banner image: Exterior of the Ritz-Carlton and J.W. Marriott in the heart of downtown Los Angeles. Nokia Theatre and Staples Center are seen at bottom right. Photo: Ritz-Carlton
