LA City Council Approves $67M Subsidy For Marriott Project

Law360, New York (June 14, 2012, 8:38 PM EDT) -- Developers of a new 23-story Marriott hotel complex near the L.A. Live entertainment center in downtown Los Angeles will get a $67.3 million tax subsidy to help pay for the project, the L.A. City Council decided Wednesday.

The council approved the measure 10-1, in response to appeals from a number of construction unions, the L.A. Times reported.

The unions argued that the deal could help create hundreds of construction jobs, helping an industry that has been badly hurt by the weak economy.

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