Amid frustration and raised voices, Los Angeles officials voted Friday to invest $90 million in a Hollywood complex that once a year will house the Academy Awards.
With the City Council’s 10-2 approval of the financial package, construction could begin this summer on the $385 million development. Dissenting council members were Joel Wachs and Nate Holden. The latter said he would “not put the taxpayers in debt” for a project that developer TrizecHahn could pay for by itself.
Also objecting was Hollywood Heights Assn. prexy Joyce Breiman, who said the project will obliterate a block-long section of Orchid Avenue, a neighborhood access street. The developer promised to build another street toward the west to replace it.