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Article: Developer, hotel file claims against MTA for rail construction damage. (Ratkovich Co.; Wilshire Associates Inc.; Los Angeles County's Metropolitan Transportation Authority) (Real Estate)
- Article from:
- Los Angeles Business Journal
- Article date:
- February 7, 1994
- Author:
CopyrightCOPYRIGHT 1994 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ratkovich Co. and Wilshire Associates, the partnership behind the Wiltern Center complex, have filed a claim with the Metropolitan Transportation Authority related to physical damage caused by Metro Rail construction, and are seriously considering suing the MTA to collect, said Clare DeBriere, development director at Ratkovich Co.
Developer Wayne Ratkovich would not be the first to sue the MTA, but he is the only known Mid-Wilshire property owner to have obtained business disruption loans from the MTA related to Red Line subway construction. Those loans totaled $1.3 million and were controversial because they were granted directly by the MTA board in closed session, ...