Quote:
Originally Posted by Chef Boyardee
The thing to take away from that la times article and specifically the report itself is that the developer doesn't have nearly the financing that is needed. And even if the tax will be waived, the only thing that will be built is the 40 storey hotel. The office building that got everybody excited about this project in the first place probably won't ever be built.
|
And I've heard that all the financing WAS, in fact, in place, and that they are simply waiting for tenants to built the office portion. On account of someone saying that Korean companies coming to Los Angeles would fill the office tower, you are right on the money. I know that Korea Air has a big stake in this, and that tower might be a good place for their U.S. headquarters...