Proposed L.A. tax deal would help fund new Westfield mall
The Los Angeles City Council is weighing a major package of financial assistance for shopping mall developer Westfield just days after the company helped stage a black-tie gala attended by city leaders at Los Angeles International Airport.
Westfield is asking the city to help its Village at Westfield Topanga project, a west San Fernando Valley development that would house a 158-room hotel, a Costco, new office space, and an array of stores and restaurants.
The proposal, which comes up for a City Council vote Wednesday, calls for Westfield to keep up to 42% of the net new tax revenue generated by the project, or nearly $59 million over a 25-year period, according to city officials.
Meanwhile, our schools are suffering from underfunding, our public transportation is suffering from underfunding, our streets are filled with potholes, and our city’s sewage and water infrastructure are in desperate need of repairs.
But, by all means, LA City Council, give $59 million from the taxpayers to a private company to build another fucking mall, because clearly that’s in the best interests of everyone in the City of Los Angles.
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