LOS ANGELES | Downtown Project Rundown 4.0

[DistrictDirt]

Originally Posted by milquetoast

Now, with the possible exception of the Koreans, we have almost nothing to look forward to in major construction, even at a time when construction materials are at their cheapest. I know the economy is severely lacking now, but other areas aren't waiting around ......... why are we? Now, we have a supreme compromise on a plot of land that cost about 50 million dollars years ago; a plot that sat empty for years ... waiting ... and we're about to get that project that we will regret. The kind of project that we know we will complain about. A companion piece to Staples Center and LA LIVE that will hang around for decades. And, judging by the design of it, it will age poorly. Isn't it ironic- that a Los Angeles firm hires a Miami design house, Collarmele, when Miami's Brickell Citicentre will be 4+ million square feet?. Do you hear laughter, Villaraigosa? Time to wake up.

Wall Street torpedoed the economy, not the mayor. And I'm not sure what you're proposing here...it doesn't matter how cheap materials are if the financing for major projects just isn't there.