L.A. Convention Center Expansion Gets Green Light

The Los Angeles City Council has approved a $54 million proposal for preliminary work to expand and modernize the downtown Convention Center in preparation for the 2028 Olympics. The council's 13-1 vote allows for pre-construction work to determine if the project can be completed on time, with the possibility of halting the project if it proves unfeasible. The expansion could eventually cost $4.7 billion over 30 years, including debt, and aims to add substantial exhibit, meeting, and multipurpose space. Concerns were raised about the tight timeline, compounded costs, and insufficient hotel accommodations. The project is expected to create thousands of jobs and bring significant economic benefits, including an estimated $165 million in new spending annually. If feasible, the project will be executed through a public-private partnership with Anschutz Entertainment Group and Plenary Group.