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City Council approves $100 million dollar tax break for LA Convention Center expansion
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Los Angeles Convention Center.
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City Council approves $100 million dollar tax break for LA Convention Center expansion
You may have heard about the plan to expand the aging LA convention center. The LA City Council voted Wednesday to give the developers a massive $100 million dollar tax break.
The proposed $1.2 billion dollar development includes not only the updated convention center, but a park and a 38-story hotel. But the developer say they need a tax break to fully fund the project. That’ll happen mostly through keeping some of the occupancy tax paid by hotel guests.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
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