Greek Theatre Battle Back to Square One

It was just a few weeks ago that we told you Live Nation's plans to take over the Greek Theatre were looking grim. After a closed session, the LA City Council also voted against Live Nation this week, Curbed reports. But this fight isn't over, as the site also is reporting city attorney Mike Feuer had warned them this morning the council doesn't have the authority to overturn the original decision from the recommendation from the Department of Parks and Recreation. So now what? Well, it's back to square one, as the council wants the whole thing to start over with new proposals from all parties. Above, Live Nation's vision for the venue.

The theater has been run by Nederlander for nearly 40 years. Entertainment juggernaut AEG is seeking to partner with Nederlander for the future of the venue, but Live Nation promises to invest more than twice as much in capital improvements as Nederlander. The current contract for the venue runs through October.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Rexford Sells Fullerton Industrial Building For $50.2M: The Los Angeles Deal Sheet

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

Hollywood's Yamashiro Complex Gets $25M Refinance: The Los Angeles Deal Sheet

Lender Wants Blackstone, Hudson Pacific To Sell Vacant Sun Valley Studio

Faring Proposes Office, Retail Project On Sunset Strip Car Dealership Site

LA Developers Eye 2029 Groundbreakings As High Costs Stall New Projects

San Pedro's West Harbor Announces 3 New Tenants: The Los Angeles Deal Sheet

Proposition 45 Would Set Deadlines For Some Projects' CEQA Reviews

California Governor Candidates See Different Solutions To State's Housing Troubles

Los Angeles Trials Its Own Vacant To Vibrant Program

Paramount Pictures To Reopen Bay Theater In Palisades Village

As Healthcare REITs Shift To Senior Housing, New Entrants Move Into Medical Office Space