$1-billion downtown L.A. hotel project gets environmental approval
A proposal for a $1-billion hotel development in downtown Los Angeles passed a major hurdle Wednesday when the City Council signed off on the project’s massive environmental impact report.
The council unanimously granted a series of entitlements for the proposed 560-room Wilshire Grand Hotel, including permission to sell alcohol at 21 restaurants, bars and other venues, installation of a rooftop helicopter landing pad and a reduction in the number of parking spaces from 2,375 to 1,900.
Korean Air, the developer of the project, plans to demolish the existing hotel at Wilshire Boulevard and Figueroa Street and replace it with two towers -- a 65-story hotel with residences and a 45-story office building.
Wednesday’s vote paves the way for a flurry of other decisions on the project March 29, when council members are scheduled to consider a proposed tax rebate for the hotel and a development agreement for the entire site.
The council must also decide whether to create a sign district to allow various forms of digital advertising.
-- David Zahniser at Los Angeles City Hall