Category Archives: News

City Considers Conference Center and Enlists Kosmont Companies

April 8, 2013 By Luke Money, Signal Staff Writer A proposed plan will be presented at a council meeting on Tuesday night A master plan for a Santa Clarita conference center is set to be presented to City Council members Tuesday night. The plan notes a center could have an annual budget shortfall of $1.1…

Kosmont Companies Project: Two Hotels to Rise in Redondo Beach, CA

Posted 4/5/2013 – 10:02:53 AM REDONDO BEACH, CA—Groundbreaking will be held here April 9 for a 147-room Hilton Garden Inn and a 172-room Residence Inn by Marriott at the corner of Marine Ave. and I-405 East. The $59 million project is estimated to be a 13-month process with both hotels scheduled to open in 2014.…

Larry Kosmont Outlines California Redevelopment Alternative

April 3, 2013 – From the April 2013 issue The dissolution of California’s redevelopment agencies requires the sale of 5000-6000 agency-owned properties between late 2013 and 2015. Larry Kosmont, a former City Manager and current CEO of Kosmont Companies—a real estate, finance, and economic development advisory firm specializing in public-private partnerships—walks TPR through California Redevelopment’s…

Is redevelopment coming back? Larry Kosmont helped Campos write the bill that would re-establish tax increment

By Steve Scauzillo, Staff Writer Updated: 03/18/2013 09:52:38 AM PDT You won’t find the term redevelopment anywhere in Assemblywoman Nora Campos’ bill. Instead, the Silicon Valley legislator is offering cities and counties the next best thing: the powerful tool known as tax increment financing. Under Assembly Bill 690, cities can form “job and infrastructure districts”…