Faced with a packed, overflow crowd at Glendale City Hall Tuesday morning, the owners of the Golden Key Hotel and Americana at Brand agreed to postpone a hearing on their competing redevelopment proposals to allow more time for negotiations.
About 40 supporters of Golden Key Hotel owner Ray Patel on Tuesday morning demonstrated against Americana at Brand expansion plans, chanting “Let Ray Stay” before reaching City Hall, where the City Council, acting as the Redevelopment Agency, was scheduled to consider Rick Caruso's plans to expand his mall.
The hearing was postponed until Feb. 22, giving Caruso and Patel another week to negotiate a last ditch agreement. Patel has already turned down a $6-million buyout offer from the billionaire developer.
Patel has been fighting a proposal to allow Americana at Brand developer Rick Caruso to demolish the Golden Key Hotel and expand the 15.5-acre shopping center, adding 135,000 square feet of retail space on what is now Patel’s hotel and an adjacent building that Caruso acquired in January.
Property rights advocates have come to Patel’s aid in recent weeks, calling City Hall’s endorsement of Caruso’s plan more about using the power of the Glendale Redevelopment Agency for big money favoritism rather than removing actual blight.