Americana at Brand developer Rick Caruso and the owner of the Golden Key Hotel on Tuesday agreed to last-minute negotiations over a controversial proposal to expand the 15.5-acre mixed-use mall.
The City Council, acting as the Redevelopment Agency, had gathered before a standing-room-only crowd to vote on competing development plans filed by Caruso and hotel owner Ray Patel, but after an hour-and-40-minute delay in which both parties met hurriedly behind closed doors, they emerged and asked for a weeklong delay.
“I’m giving them the opportunity to discuss this matter again with me,” Patel said.
Caruso declined to comment after the council rescheduled the hearing for Feb. 22.
The action renewed the possibility of a negotiated solution to what was gearing up to be a clash between Patel’s private-property rights and the city’s power to remake the urban landscape in a redevelopment zone.
In November, Caruso told the city he wanted to take over the Golden Key Hotel site and an empty adjacent building, with plans to spend $40 million or more to add retail space to the Americana, build a new pedestrian entry to the mall and widen Colorado Street. He estimated the upgrade would generate $800,000 a year in new sales tax revenue.