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Nederlander Backed for Greek Theatre Contract

November 02, 2001|From Times Staff Reports

Hoping to finally settle the fate of the Greek Theatre, Los Angeles Recreation and Parks officials recommended Thursday that the city award the theater's lucrative operating contract to the lone bidder--the Nederlander family.

With House of Blues pulling out of a lengthy battle for the contract, parks official said they have little choice but to give the contract to Nederlander, which has operated the landmark theater for nearly three decades. The company is offering to make $6 million in capital improvements while paying the city at least $12 million in rent over the next 10 years.

The Recreation and Parks Commission is set to act on the matter next week.

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