Westwood at one
time had a BID but it disappeared some years ago in a financial scandal.
However, a new one has formed and is reporting progress. Still, if you
walk up Westwood Boulevard towards the campus, you see many empty stores for
lease. There is a (long) way to go.
The Westwood BID
had a recent meeting which you can read about at:
Which takes us to
that inevitable topic: UCLA's proposed hotel/conference center. You can
see why the local business community, especially hotels, is not thrilled about
a tax-subsidized public venture that competes with them, tax-free. You
can see why, if the hotel is built as planned, they are likely to complain to
the tax authorities - federal & local - to the extent the hotel tries to
fill its 250 rooms with commercial business.
Now you can say
that campus interests come first; who cares about Westwood? The
problem is that if the hotel loses money because it is forced not to take
commercial business, one way or another the cost will be paid by the campus (as
well as Westwood). Of course, you will never see those loses explicitly -
and neither will the Regents who approved the project without setting up any
mechanism for after-the-fact auditing. (What ever happened to notions of
due diligence?) The reason that you will never see the losses is that the
hotel will be blended into the larger business enterprises run by the
university.
It's the blending you will need to keep in mind in years to come when a success for the project is proclaimed.
But in case you forget, here is a little reminder:
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