Like so many convention centers, LA’s is floundering. In 2001, there were 35 major conventions in LA, last year there were only 15. What to do when government sponsored revitalization doesn’t turn out as planned? Cut your losses? Not in LA:
The City Council agreed Friday to provide up to $290 million in subsidies and loans for construction of a 55-story hotel next to the Los Angeles Convention Center …
Article here.