When Public Subsidies Aren't Enough

What to do when public subsidies for convention centers and the towering hotels adjacent to them aren't enough?

1 minute read

August 21, 2002, 7:00 AM PDT

"Increasingly, cities and development authorities are building and owning the hotels themselves. This has already happened in Chicago, where the Metropolitan Pier and Exposition Authority floated $108 million in tax-exempt bonds to build and own the Hyatt Regency McCormick Place. It's being discussed in Los Angeles, where civic leaders believe that only a public or nonprofit entity will be willing to build a hotel adjacent to the odd combination of the successful Staples Center and the unsuccessful Los Angeles Convention Center."

Thanks to Paul Shigley

FULL STORY: Paying the Hotel Bill

Tuesday, August 20, 2002 in California Planning and Development Report

Land Use United States

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