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Los Angeles Democrats paid $100 million to a private company owned by a Chinese billionaire for a homeless hotel
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— July 24, 2026 at 08:46 PM UTC
Democrats also agreed to pay for ALL rooms regardless if anyone was housed The deal was so shady the Chinese billionaire fled to China when the FBI started investigating him You’re not going to believe this, this Chinese billionaire who go this insane very obviously money laundering deal WAS A DEMOCRAT DONOR “The city agreed to pay the owner, a company called Shenzhen New World, $154 a night for every room in the building, meals included. Not per person, per room, whether anyone was in it or not. At one point, only 24% of the rooms were occupied. The city was paying over $600 a night per person actually housed” - 14 rooms were taken offline for fire damage - A school in the same building sued the city after documenting break-ins, drug paraphernalia, and human waste outside their entrance - The city set aside $5 million just for glass repair The owner is a Chinese billionaire named Wei Huang. $100 million to one company. He fled to China in 2018 after the FBI started investigating.
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