Sunday Morning Hotsheet

So let me get this straight. A developer who can't afford to build a hotel and says it won't be successful in the current environment wants taxpayers to foot some of the bill. Developers of the billion dollar Wilshire Grand project want the City to provide financial assistance for construction and our fools Downtown are actually considering the idea. If the developers don't get the money their options "include shutting down the hotel and waiting for favorable financial market conditions, selling the structure or settling on development alternatives that would not include a hotel." Welcome to capitalism folks.

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