LA Commits $150K to Study Hotel Incentives at Oceanwide Plaza as KPC, Lendlease Plan $800MM Revival

The Los Angeles City Council authorized a $150,000 consultant study to weigh public incentives for the long-stalled Oceanwide Plaza, where new owners KPC Development and Lendlease are seeking a transient occupancy tax break to help finish a 184-room hotel, 504 condominiums and 150,000 square feet of retail.