The Real Deal Los Angeles

Is AEG back on board for Convention Center partnership with the city?

AEG previously said it was walking away from hotel deal
November 08, 2016 08:30AM

 A rendering of AEG's previous hotel project at 800 West Olympic Boulevard

A rendering of AEG’s previous hotel project at 800 West Olympic Boulevard

It seems that the city of Los Angeles and Anschutz Entertainment Group are ready to kiss and make up.

AEG has proposed partnering with the city to expand the Los Angeles Convention Center facility and add a full service hotel, according to a motion penned by Council member Curren Price and cited by Urbanize. The possible arrangement dates back to 2015, when it was first proposed by Los Angeles Chief Administrative Officer Miguel Santana.

The proposal represents an about face for AEG. In June, the entertainment firm announced that it was backing out of a 755-room hotel project on Olympic Boulevard in light of the city’s own plans to build a hotel in the area. It’s unclear if its latest plans are consistent with the original ones.

“The City has a long-standing partnership with AEG, beginning with the successful development of the Staples Center,” said Price’s letter, which urged city officials to evaluate the new plan and report the findings. [Urbanize] — Cathaleen Chen