Friday, May 4, 2012

Hollywood parcel gained in value as its property taxes were slashed

A campaign fundraiser for L.A. County Assessor John Noguez successfully lobbied to lower the assessment on a Hollywood retail property. Weeks later, it sold for three times the assessed amount.

Corruption allegations roiling the Los Angeles County assessor's office have reached a former Hollywood landmark: the Old Spaghetti Factory on Sunset Boulevard.


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