Universal's $1.6B Expansion Plan Gets Nod From LA Council

Law360, New York (February 05, 2013, 4:24 PM ET) -- The Los Angeles City Council approved a development agreement with Universal Studios LLC and new signage rules for the company on Tuesday, further pushing along a $1.6 billion expansion plan the studio has had in the works for more than six years.

In two unanimous approvals, the City Council adopted findings from its subcommittees and set in motion the process for NBCUniversal Media LLC to fully execute a development agreement for its expansion project, known as the NBCUniversal Evolution Plan. It also adopted an ordinance that...
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