A company controlled by Denver billionaire Philip Anschutz is expected to announce that it is ready to start work on a $1-billion commercial development around Staples Center in Los Angeles that would include a long-awaited hotel to serve the city's convention center. One thorny issue remains to be resolved: The developers are asking for financial assistance from the city to help make the hotel pencil out. Civic leaders including Mayor James K. Hahn have said they support the project but are reserving judgment on whether to help finance it until they see some numbers. In the meantime, AEG will begin work on other parts of the project as an act of faith that the city will come through on the hotel, said AEG President Timothy Leiweke. Rick Orlov, City Hall reporter for the Daily News, joins Larry to discuss the new project.