Local News in Brief : Equestrian Center Rent Hike Stalled
A plan by operators of the debt-ridden Los Angeles Equestrian Center in Griffith Park to raise rents on horse stalls by as much as $40 a month was stalled Friday by the Los Angeles Board of Recreation and Parks, which ordered the operators to come up with a more comprehensive proposal for making the center financially viable.
The board told representatives of Gibraltar Savings of Beverly Hills to come up with other alternatives for raising revenues after horse owners complained that they were being “priced out” of the center.
But commissioners said rents on the stalls could still be raised if a more complete plan showed such an increase was necessary to make the center profitable. The 73-acre facility is more than $2 million in debt.
Under Gibraltar’s plan, the rents on barn stalls would have gone from $320 to $360 a month and on less luxurious pipe stalls from $240 to $270.
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