Another Convention Center Hotel Slated for Financial Assistance from City (Urbanize LA)

September 5, 2019by sandstoneadmin2019

Another developer with plans for a high-rise hotel near the Los Angeles Convention Center is angling for a financial incentive package, according to a motion introduced yesterday by City Council member Gil Cedillo. Sandstone is seeking financial incentives to for the project similar to those offered to other large hotel developments near the Convention Center, and has agreed to pay $150,000 for a consultant to conduct an economic analysis of the project. The motion has been referred to the City Council’s Economic Development Committee for consideration at a future meeting.

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