Posted by Staff Writer on 5/8/2018 to
Business Opportunities
IncSmart California (Small Business and Startups) - The operator of the Los Angeles Convention Center, Anschutz Entertainment Group, is proposing a $1.2 Billion expansion. The expansion would be a public and private partnership and will include a new 40 tower hotel. They are requesting tax incentives for the project. The proposal outlines an aggressive time table to end the construction in 2021.
The expansion will include a 350,000 square foot as South Figueroa, that will bring the space to a total of 1.2 million square feet. The proposal also includes a new Marriot hotel on Olympic Boulevard. The 40 story hotel will have 850 rooms. The city is currently spending $48 million a year to pay for the last expansion in 1990s.
Written by IncSmart Staff
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