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AEG’s $1.25 Billion Convention [...]por
AEG’s $1.25 Billion Convention Center Proposal: Big Win for LA
11 JUNE 2018
LA WATCHDOG--Anschutz Entertainment Group’s proposal to invest $1.25 billion in the expansion of the Los Angeles Convention Center and the development of a convention hotel will create significant controversy.
Selected interest groups will be vocal about the increased privatization of the Convention Center as well as the granting of subsidies for the 40 story, 850 room hotel.
But before the critics go wild, they need to realize that this deal will save our cash strapped City over $500 million while adding billions to the City’s economy.
The expansion of the Convention Center has been on the City’s wish list for years, in large part because the undersized and disjointed Los Angeles Convention Center ………………..