AEG and its partners would fund the project but seek financial incentives — probably in the form of breaks on the hotel's bed taxes. To get the JW Marriott and Ritz-Carlton complex built in the mid-2000s, the City Council voted to let AEG keep as much as $270 million in bed taxes generated by the project over nearly three decades. Other hoteliers have received similar benefits.

Source: Los Angeles Times May 08, 2018 12:00 UTC