The city of Los Angeles and the operator of the Greek Theatre have reached a settlement providing for renovations at the city-owned concert venue in exchange for $1.78 million in rent payments.
Under the settlement, recently approved by the Los Angeles City Council, Greek-Nederlander Inc. will withhold three years of rent payments while more than tripling the number of women’s restrooms and doubling the number of men’s restrooms at the Griffith Park site.
Greek-Nederlander had started the renovations in December when the council extended its lease, which was due to expire in October 2001. But the panel rescinded that extension in January after rival House of Blues qualified a ballot measure requiring the city to seek the most qualified bidder for the venue’s management.
Greek-Nederlander, which has operated the facility for 25 years, sued the city and House of Blues over rescinding the extension. The settlement calls for Greek-Nederlander to drop the city from its suit.