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Tuesday, July 1, 2014

It could have been a contender

Blog readers will know that UCLA's Grand Hotel was said by the powers-that-be not to be a substitute for (compete with) other local commercial hotels.

Now comes word that the developer of the triangular property at Wilshire and Gayley who had originally planned to build a commercial hotel will now have his structure be entirely condos instead.  Sure sounds like the effect of competition with a campus hotel.

See http://la.curbed.com/archives/2014/07/westwoods_longdelayed_gayley_at_wilshire_tower_goes_condo.php

The new building at Wilshire and Gayley could have contended for Westwood-area hotel business but not with university and government subsidies to the UCLA Grand Hotel (free land; no taxes; cost shifting to campus if and when the business plan doesn't work out):
video

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