AP Enterprise: Stadium plan could aid AEG's condos

The company that wants to build an NFL stadium in downtown Los Angeles announced a milestone in mid-February: It had sold the first unit in its nearby luxury condo project that towers above the skyline.

Anschutz Entertainment Group neglected to acknowledge, however, that it had bought the Ritz-Carlton-branded condo unit itself.

That omission obscured how hard the housing slump has weighed on the company's flagship residential project, which has been hit with millions of dollars in mechanics' liens in recent months as it struggles to unload its pricey units in the soft market.

Recognizing those troubles could give added bargaining leverage to city officials working on a stadium deal with AEG, which has cast Los Angeles as the big winner -- in jobs, development and prestige -- if the plan for a 72,000- to 76,000-seat sports venue on the city's convention center site goes forward.

AEG on Wednesday released results from a pair of independently completed economic studies that say its plan could yield $41 million annually in new tax revenue, and that the stadium and related convention center improvements would boost the number of conventions in the city each year.

But AEG's troubled condo project would also have much to gain from a project that could quickly convert the condos from an apparent drain on the company's cash into a moneymaker for the firm.

"It's in their best interest to make a deal with the city to get their initial investment in a stronger position," said City Councilman Bill Rosendahl, who co-chairs a committee of elected officials tasked with evaluating the stadium deal.

The company's proposal calls for the city to issue up to $300 million in bonds to finance the demolition and relocation of the convention center hall the stadium would displace. AEG officials have said they would ask the city to let it use stadium ground lease payments, new property tax revenue and money from its convention center signage rights to repay those bonds.

The condo project was itself the upshot of an earlier deal with city officials, who required AEG to include a hotel in its plans for the massive entertainment complex known as LA Live because the area was short on guest rooms for convention center visitors.

AEG added a 1,001-room hotel building to the 27-acre swath of restaurants, bars and theaters, but it topped the mirrored-glass high-rise with 224 condo units to get a quicker turnaround on its investment than just guest rooms would provide.

Hotels In Downtown Denver Co - News


Pair the Finest Elements With the Most Stunning Wedding Venue at The Ritz ...

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AP Enterprise: Stadium plan could aid AEG's condos
AP Enterprise: Stadium plan could aid AEG's condos

The company that wants to build an NFL stadium in downtown Los Angeles announced a milestone in mid-February: It had sold the first unit in its nearby luxury condo project that towers above the skyline. Anschutz Entertainment Group



Events calendar | Week of July 21, 2011
Events calendar | Week of July 21, 2011

5:30 pm Boulder Outlook Hotel and Suites, 800 28th St., Boulder, 303-443-3322. Avery Tap Room — For tours and tastings. 12-8 pm Avery Brewing Co., 5757 Arapahoe Ave., Unit B1, Boulder, www.averybrewing.com. Beer Garden. 11 am to 10 pm The Rib House,



Discover the Ultimate Mind, Body, and Wellness Experience at The Ritz-Carlton ...

Our downtown Denver hotel's full-service spa offers a variety of calming therapies -- massages, wraps, manicures, pedicures, facials and more -- all to delight and enliven your senses. Rejuvenating treatments are performed with the finest skin and body



36 Hours in Aspen, Colo.
36 Hours in Aspen, Colo.

Your seatmates on the puddle-jumper from Denver, however, are just as likely to be semi-pro cyclists or whitewater hounds sniffing out the best place to shoot the rapids. They know that summer in Aspen is when nature is in full swing, and the glowing




Staying Happy in Downtown Denver at The Curtis Hotel

After I had my Thoracic Outlet Syndrome surgery in Denver, Colorado I needed a place to stay to recover and feel at home. After researching Denver for unique hotels I decided to stay at The Curtis in downtown for 5 nights. When I look for a hotel to stay in I tend to prefer a hotel with modern decor, personality, originality, good location, and free wifi. I also like to have FUN! Unlike the majority of high-end hotels The Curtis is bursting with personality, is fun, full of color, and pays attention to the small details. Instead of a boring hotel that looks and acts just like the rest, The Curtis hotel gives you an experience to remember.

Attention to Detail

I’m all about attention to detail because it separates the good from the great. When we arrived to check into the hotel we were greeted with warm chocolate chip cookies and an upbeat staff. The lobby featured a nice magazine area with retro games such as a giant Connect 4, Life, Monopoly, Candy Land, Boggle, Battleship, Twister, and more. A Five and Dime store with retro games, toys, and trinkets such as a giant Betty Boop pez dispenser or Etch-A-Sketch to bring back memories.

” Outside the elevator we were greeted with a large red monkey wall hanging from Barrel of Monkeys. Do you remember those when you were a kid? Needless to say, exploring the various floors at The Curtis was a fun and memorable time that brought back memories.

Fun Features: Wake up calls.  Every morning it was a random and hilarious wake-up call from the likes of Mr. T, Elvis, Austin Powers, Darth Vader, Yoda, Marilyn Monroe, and more. Fun Door Hangers stating: “ Dream On Amazing staff. The Curtis will even designate a staff member to play board games with you if you lack a partner. The staff is also always up for a round of ‘Rock Paper Scissors’ as well. Dogs are welcome up to 40lbs (but they’re flexible). Inside the front entrance there is a bowl of water along with photos of all the recent 4-legged guests. The Room

Our room was spacious and had a king bed with comfortable bedding. I was happy to see that The Curtis washes all of the bedding after each guest. The staff was happy to bring up extra pillows and ice as needed to make my stay more comfortable given my recent surgery. There was a nice lounge area with a couch and table as well as a desk for working. The bathroom had a large shower and shampoos from Crabtree & Evelyn. The decor was modern and had quirky photos sprinkled through out the room. Did I mention they have free wifi too?


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Hotels In Downtown Denver Co - Bookshelf

Frommer's Denver, Boulder & Colorado Springs

Frommer's Denver, Boulder & Colorado Springs

Downtown Hotels in downtown Denver, “the central business district of the Rocky Mountain ... it was built of Colorado red granite and Arizona sandstone. ...

Frommer's Colorado

Frommer's Colorado

Reliable (and relatively inexpensive hotels) in the downtown area include Comfort Inn, 401 17th St., Denver, CO 80202 (& 800/228-5150 or 303/296-0400), ...

Frommer's USA

Frommer's USA

The light-rail service is designed to get buses and cars out of congested downtown Denver; many of the bus routes from outlying areas deliver passengers to ...

The Rockies

The Rockies

The Denver Hilton, 1550 Court Place, Denver, CO 80202. 893-3333. Colorado's largest first class hotel. Downtown on the 16th St. Mall., 758 rooms, $78. ...

Hotels in Denver, Colorado, Brown Palace Hotel (Denver, Colorado), Regency Hotel, Ritz-Carlton Denver, Four Seasons Hotel Denver

Hotels in Denver, Colorado, Brown Palace Hotel (Denver, Colorado), Regency Hotel, Ritz-Carlton Denver, Four Seasons Hotel Denver


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