The Pros and Cons of Hotel Subsidies in LA

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Today the LA City Council took another step in approving subsidies for a major hotel development project downtown. The Frank Gehry designed Grand Avenue Project will bring housing restaurants and a 4 star hotel to a site across from the Walt Disney Concert Hall. The developer would be allowed to pocket at least $140 million in hotel tax revenues over the next 25 years, and the Council could pave the way for future hotels to keep millions in tax revenue as well.

Dave Zahniser is a staff reporter for the Los Angeles Times.