Here’s Why It Will Cost $1 Billion in Taxpayer Subsidies

From Ron Kaye LA:

000602.jpg

On Tuesday in committee, Councilman Bill Rosendahl passionately raised a lot of questions about why it was necessary to give a $67.3 million subsidy to developers of twin Marriott hotels near LA Live where there already is two more luxurious hotels gettiing nearly $300 million in taxpayer subsidies.

You can listen to key excerpts of what he asked about and how city officials and consultants were unable to answer, question like what do other cities do, how often does a $12 billion corporation like Marriott get public subsidies and, most importantly, when we downtown will stop draining vast sums of tax dollars that should be going to public safety, libraries, parks, regenerating deteriorating neighborhoods and upgrades for aging infrastructure.

Read more at:

http://ronkayela.com/2012/06/heres-why-it-will-cost-1-billion-in-taxpayer-subsidies-to-build-hotel-rooms-for-the-convention-center-and-farmers-field.html