The Los Angeles City Council voted on Friday for a plan that will give a significant tax break to shopping mall developer-owner Westfield Group.
Despite some Woodland Hills residents' concerns, the council voted 10 to 0 to allow Westfield to keep up to $59 million in tax revenue over a 25-year period for a shopping mall and hotel in Warner Center, according to an article in the Los Angeles Times. The project is expected to generate $140 million in taxes during that period.
Read the Times' article here.
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