Tag: turning

L.A. council members backtrack, turning against request to help a hotel developer

Nine years ago, a judge found that a financially struggling hotel in Koreatown had failed to pay its share of local taxes, ruling that the company owed the city of Los Angeles nearly $3.5 million.



Mike Feuer wearing a suit and tie: Los Angeles City Atty. Mike Feuer said he opposes any effort to give a tax break to the developer of a hotel planned in Koreatown. (Mike Balsamo / Associated Press)


© (Mike Balsamo / Associated Press)
Los Angeles City Atty. Mike Feuer said he opposes any effort to give a tax break to the developer of a hotel planned in Koreatown. (Mike Balsamo / Associated Press)

City officials, reeling from their own financial crisis, were so eager to collect that they sent sheriff’s deputies into the Wilshire Boulevard hotel to retrieve a portion of the money. The City Council eventually reached a legal settlement in 2012, securing $2.65 million — less than officials claimed they were owed — from the hotel and its owner, Leo Y. Lee.

Council members began dealing with Lee again earlier this year. But this time, they began looking at providing financial help for his latest venture: a new 192-room hotel planned in another part of Koreatown.

After The Times inquired about Lee’s previous legal dispute with the city, City Atty. Mike Feuer said he would oppose any financial aid for Lee’s planned hotel. Such an arrangement, while not illegal, would be “outrageous,” he said.

“I think it takes real chutzpah for a developer to try to avoid paying millions in taxes that he owed to the city, and then return and ask taxpayers for a subsidy,” Feuer told The Times last week.

Councilman Herb Wesson, after speaking with Feuer, is now backtracking on the idea of a hotel subsidy — and asking his colleagues to vote Tuesday to drop the effort. Councilman Curren Price, who previously supported Wesson’s request to explore financial aid for Lee’s hotel, now opposes any taxpayer assistance, according to his spokeswoman.

Victor Sahn, who served as the hotel developer’s bankruptcy lawyer in 2012, says his client is being wrongly portrayed as a “deadbeat.”

Lee was one of many businesses owners overwhelmed during the 2008 recession, losing millions of dollars, Sahn said. The businessman also had a “bona fide” dispute with the city, arguing that some parts of his building were being rented by the month and therefore did not require payment of transient occupancy taxes, also known as bed taxes, the lawyer said.

Lee’s hotel companies filed for bankruptcy in 2011. Once Lee succeeded in selling the property, he used the proceeds to pay off his obligations, the lawyer said.

“People are playing a blame game with someone who shouldn’t be blamed, who did his best to keep a project going,” Sahn said. “And when he couldn’t keep it going, he sold it and paid his creditors as much as he possibly could.”

Wesson and Price first broached the idea of providing financial help to Lee’s planned 21-story hotel last year. Both men signed a motion asking the city’s policy analysts to determine whether Lee’s company, 3800 West Sixth Street LLC, should be allowed to keep a portion of the taxes generated by his hotel

Continue reading

The Benefits Of Turning into A Travel Agent

People all around the world like to travel. E book your hotels, cars and so forth on-line and luxuriate in a relatively hassle-free trip. If your forex might be exchanged at an affordable rate, this will significantly enhance your trip experience. Nonetheless, this may not occur if you select bus travel.

Discovering greatest tour operators will be the most interesting method to see any locations easily as a result of they have experienced guides and all their guides have skilled effectively to make your journey infotainment. Have our life experiences, schooling and conditioning discouraged us a lot from utilizing our creativeness that we now view it as a frivolous word?

– Quality Companies- By reserving an all-inclusive package deal tour you get pleasure from finest amenities all through the journey. For the sake of affection, people will travel for hours to spend as a lot time as they will with the love of their life. Cash is important if you’re planning to travel and see the sights the nation has to offer.

– Saves time- Reserving a package deal tour not solely saves cash but in addition time. The bus additionally stops at many locations during the travel and in that time, you can have a coffee or a cigarette if you’re a smoker. Genuine meals and Scandinavian tradition are also a bonus of visiting this land within the north and the area has an active nightlife as effectively.

Ebook your inns, vehicles and so forth on-line and revel in a relatively problem-free trip. In case your currency may be exchanged at a reasonable rate, this may greatly enhance your vacation experience. However, this would possibly not happen should you select bus travel.…

Continue reading