Wachovia named ‘Founding Partner’ of L.A. Live
Corp. and AEG have announced a deal naming the bank a “Founding
Partner” in AEG’s $2.5 billion L.A. Live project.
will serve as the exclusive financial services provider of L.A. Live and the
Center, and will receive “prominent
branding” throughout the 27-acre sports, residential and entertainment
complex. The bank will also have consumer promotion and client entertainment
opportunities as well.
venues already under construction at L.A. Live are the 7,100-seat Nokia
Theatre, a 14-screen Regal movie theater, a bowling center and studios for
Live’s 54-story condominium and hotel tower will have its official
groundbreaking ceremony Friday morning.
Angeles’ AEG is the sports and entertainment arm of the Anschutz Co. Charlotte,
N.C.-based Wachovia has entered the Southern California market through its
acquisitions of Irvine’s Westcorp and Oakland’s Golden West Financial.