Residents of a skid row hotel resolve a long-running dispute with its owner, the AIDS Healthcare Foundation, over a chronically broken elevator.
, the nonprofit AIDS Healthcare Foundation, to fix a chronically failing elevator.
The plaintiffs, who filed the lawsuit in March 2021, had sought damages for their suffering and punitive damages and a court order for the foundation to either replace the elevator or restore it to a reliable operating condition. Weinstein said the foundation had spent $6 million rehabbing the Madison since purchasing it and had spent or committed $577,000 specifically on its elevator.The AIDS Healthcare Foundation has spent tens of millions on pro-tenant causes. Yet elderly and disabled tenants at one of its buildings complain they have spent months at a time without a functioning elevator.
The foundation is a global leader in AIDS treatment and advocacy, with nearly $2 billion in annual revenue earned largely from its chain of pharmacies and clinics. In 2017, it began purchasing residential hotels and apartment complexes in skid row and other neighborhoods in Los Angeles, arguing that it could provide homes for low-income residents more quickly, cheaply and humanely than private developers, public agencies and other nonprofits. It now owns more than a dozen such properties.
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