Move to Revoke Funds for Ambassador Site Loses
An attempt by two members of the state Allocation Board to revoke $50 million granted the Los Angeles Unified School District for acquisition of the Ambassador Hotel site was narrowly defeated in Sacramento on Wednesday.
The two said the school board has not delivered a convincing guarantee that it wouldn’t ask for more funds. The attempt was defeated on a 3-3 tie. The seventh member abstained.
In May, the allocation board voted to give the school district the money to acquire the land for a new high school. The district this week sued New York developer Donald Trump and his partners, who own the mid-Wilshire property, seeking to acquire the land.
Los Angeles school board President Jackie Goldberg said the board has already passed one resolution promising that it would not ask for more funds and will adopt language at its Monday meeting to satisfy the allocation board.
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