El Monte : Council Studies HUD Loan
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At a public hearing last week, the City Council discussed a $1-million loan of federal Housing and Urban Development funds to help develop a multiuse complex on the site of the former Longo Toyota.
The J.T. Titan Group has proposed a complex that could include a hotel, factory outlet stores and a convention center.
No one from the public spoke at Tuesday’s hearing on the proposed loan to the company. The council is scheduled to make a decision Dec. 8.
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