AEG proposes $1.2-billion expansion of L.A. Convention Center and JW Marriott hotel

The funding proposal for the $500-million convention center expansion relies on a public-private partnership model that has been used for other big public developments. AEG’s partner, Plenary Group, a Los Angeles infrastructure-development and investment business, specializes in public-private partnerships. It participated in a $1-billion convention project in Melbourne, Australia, funded that way that includes a luxury hotel.