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City of LA closes escrow on Hollywood’s Dolby Theatre

The home of the Oscars will still have the same operator The Dolby Theatre, the home of the Oscars for the last 15 years, has a new owner: the city of Los Angeles. Urbanize LA spotted a motion approved by the City Council on Wednesday that authorized $100,000 to buy the Dolby Theatre from CRA/LA, the agency that’s in charge of selling off the properties owned by the now defunct community redevelopment organizations.
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