The Daily Breeze
Saturday, September 17, 2005
'L.A. Live' promoters tout 'Times Square West'
Business and city leaders say $2 billion project will transform convention area into a world-renowned tourism destination. Critics recall hearing the Times Square pitch about the ho-hum Hollywood & Highland tourism area.
By David Zahniser
Copley News Service
For more than a decade, civic leaders in Los Angeles have watched with resignation as much-needed taxpayer dollars were used to bail out the city's nearly moribund convention center, where $34 million in debt was absorbed by the city budget last year alone.
But business leaders and city officials alike say they finally turned a corner this week with a groundbreaking for a $2 billion complex next to Staples Center that will cover six blocks and include nightclubs, restaurants, a 7,000-seat theater and a 1,100-room convention center hotel.
The 55-story hotel and surrounding venues will finally allow Los Angeles to compete with Anaheim and San Diego for convention bookings, said Carol Schatz, president and CEO of the Central City Association, an advocacy group based in downtown Los Angeles.
"The convention center has never been able to attract the large-scale conventions necessary, in part because of the lack of a convention center hotel but also because conventioneers who have come have complained that there was not enough to do at night in downtown Los Angeles," she said.
The sheer scale of "L.A. Live" -- a 4-million-square-foot megaproject -- has been greeted with hyperbole from the city's political elites, who say its movie premieres, Grammy Awards ceremonies and an ESPN West Coast headquarters will make it a global draw.
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