Now that the owner of the Century Plaza wants to tear down the hotel, Dakota Smith at Curbed LA dug up what developer Michael Rosenfeld's release said when he bought the place last year:
Properties like the Century Plaza Hotel are one-of-a-kind; they have lasting value in any economic environment...This is a rare opportunity to buy a jewel in my hometown....The Century Plaza has been an LA icon since it opened in 1966.
Now that Diane Keaton is leading the charge to save the Century Plaza as an architectural landmark, Rosenfeld's release says, "We are disappointed to see the Century Plaza Hotel politicized in this way, particularly at a time when the City of Los Angeles is suffering from extreme economic hardship and is in dire need of new jobs.