Brief

The Municipal Facilities Committee submitted a lease agreement for the Los Angeles Convention Center at 1100 South Flower Street involving PSP Investment Group, LLC, concerning expansion and modernization. The file covers a lease arrangement tied to LACC's capital improvement project. It was referred to the Government Operations Committee in late April and continued pending a further Municipal Facilities Committee report on the lease terms.

Full summary

Council File 15-1207-S9 addresses a lease agreement between the City and PSP Investment Group, LLC related to the Los Angeles Convention Center's expansion and modernization initiative. The document was submitted by the Municipal Facilities Committee on April 17, 2026, and covers the lease structure at 1100 South Flower Street, Suite 2200—the LACC's downtown location. The file has moved through routine procedural stages since introduction. The Municipal Facilities Committee referred the matter to the Government Operations Committee on April 21, 2026. The Government Operations Committee scheduled the item for its May 19, 2026 meeting, at which point the committee voted to continue it pending a further report-back from the Municipal Facilities Committee regarding lease details. As of the most recent activity on May 19, 2026, the file remains pending in the Government Operations Committee awaiting additional information from MFC. The continuation without a specified date means no firm timeline has been set for when this lease agreement will return for final action. The file is set to expire on May 14, 2028, giving Council roughly two years to reach a final decision on the lease terms.

Activity (4)

• 2026-05-19 Continued to a date to be determined pending a further report-back from the MFC in regard to the lease.
• 2026-05-14 Government Operations Committee scheduled item for committee meeting on May 19, 2026.
• 2026-04-21 Municipal Facilities Committee document(s) referred to Government Operations Committee.
• 2026-04-17 Document submitted by Municipal Facilities Committee, dated April 17, 2026.

Documents (2)

• 2026-05-19 Speaker Card(s) · speaker_card
• 2026-04-17 Report from Municipal Facilities Committee · report