Tag Archives: tax breaks

Millions of Tax Dollars to Billionaires: The LA Way — Two More LA Live Hotels To Get Massive Tax Subsidies

Posted on June 12, 2012 by

The Marriott Hotel chain, the nation’s second largest, has a market capitalization of $12.17 billion and makes a profit of $1.6 billion on revenues of more than $14 billion. Family members, descendants of founder J.W. Marriott, own 23 percent of the … Continue reading →

Posted in City Hall, Development/CRA, Hot Topics, Los Angeles, NFL Stadium | Tagged , , , , , , | 6 Comments