Business & Tech
City Council Vote Postponed on Hollywood Millennium Project
The vote is now expected to take place on July 24.
A skyscraper project that would alter Hollywood's skyline advanced to the full City Council on Tuesday, with adjustments to the original 55-story height to a shorter and squatter maximum height of 39 stories for the pair of towers being proposed.
A vote by the full council was postponed to July 24, giving incoming council members and Mayor-elect Eric Garcetti an opportunity to weigh in on the project.
The proposed project would flank the 13-story Capitol Records building. Even at the shorter heights -- one tower will be 35 stories and the other 39 -- a presentation by the developer today drew hisses from residents and homeowner groups during City Council's Planning and Land Use Management Committee meeting.
Some residents called the proposed project a "monstrosity'' that will worsen congestion and ruin the Hollywood skyline, while others described it as a "daring'' idea that could reinvigorate Hollywood.
Garcetti, Councilman Tom LaBonge and Councilman-elect Mitch O'Farrell opposed the project when it was approved at 55 stories.
The project's New York-based developer, Millennium Partners, spent $480,460 on lobbyists to push the project during the first three months of this year, according to an Ethics Commission report released last week.
The developer said it does not know how much the project would cost, but at 55 stories, it was estimated at $664 million.
- City News Service
