$2.6-billion Convention Center expansion OKd despite fiscal risks

L.A. political leaders on Friday took what their own policy experts called a risky bet, agreeing to pour billions of dollars into the city's aging Convention Center in the hope that it will breathe new life into a struggling downtown and the region's economy.

- BY DAVID ZAHNISER AND NOAH GOLDBERG

A PLAN WOULD connect the Los Angeles Convention Center's West Hall, left, to the South Hall, center.

In an 11-2 vote, the City Council approved a $2.6-billion expansion of the Los Angeles Convention Center, despite warnings from their own advisors that the project will draw taxpayer funds away from essential city services for decades to come.

The risks don't stop there. If the Convention Center expansion experiences major construction delays, the project's first phase may not be finished in time for the 2028 Olympic and Paralympic Games, when the facility is set to host judo, gymnastics and other competitions.

That, in turn, could leave the city vulnerable to financial penalties from the committee organizing the event, according to the city's policy analysts.

Those warnings did not discourage Mayor Karen Bass and a majority of the council, who said Friday that the project will create thousands of jobs and boost tourism and business activity, making the city more competitive on the national stage.

“If we're not here to believe in ourselves, who's going to believe in us?” said Councilmember Adrin Nazarian, who represents part of the San Fernando Valley. “If we don’t invest in ourselves today, how are we going to be able to go and ask the major investors around the world to come in and invest in us?”

Councilmember Traci Park, who heads the council’s committee on tourism and trade, voiced “very serious concerns” about the city’s economic climate. Nevertheless, she too said the project is needed — in part because of the looming 2028 Games.

“This project will be transformative for downtown, and I truly believe the catalyst for future investment and redevelopment,” she said. “We need to bring our city back to life, and with world events looming, we don't have time to wait.”