The owner, a partnership known as Wilshire Center Marketplace,wants to develop a shopping center and theater complex on the siteof the closed hotel, but the LAUSD wants it to build a sorelyneeded high school. The dispute dates back nearly a decade, whenthe district first tried to condemn the property and paid a$49-million deposit toward its purchase.
The district later decided to back out and asked for its depositto be returned. When the owners were unable to return the money,the district began foreclosure proceedings and revived the highschool plans.
A Wilshire Center Marketplace spokesman says the owners areseeking more time to pay the deposit back to the school district.The hotel, where Robert F. Kennedy was assassinated in 1968, closedin 1989.
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