[GaylordWilshire]

Originally Posted by sadykadie2

No EXCUSE for that! I always think of this kind of, dare I say it, RAPE, of our heritage happened in the 50's and 60's. No excuse for tearing down the The ModernCraft.

Originally Posted by Retired_in_Texas

It's always about economics and always will be regardless of anyone individual's or group of individuals preservation beliefs. If real estate can be put to greater economic use it will be. While many lament the loss of architectural example, it always boils down to whether an existing property can generate income through direct use or leasing to make an investment worthwhile. As long as real estate changes hands for any reason there will be changes in what was for what will be; will be may not be an improvement in the eyes of many.

Los Angeles has been the domain of real estate promoters, developers, hustlers, and sometimes charlatans; perhaps more so than any other city in the country since the early 1900s. It probably will remain so until the San Andreas fault opens up and swallows it or all business and industry packs up for elsewhere.

Stating the obvious about the economics of preservation versus development doesn't make the loss of the building any less regrettable.