Hello Again,
After a long (and unplanned...ahem...absence) I wanted to say that there was actually a report on channel 7 last night referring to the apparent stalling o fthe downtown market and the delays of the two "mega projects", Park Fifth and "The Grand"
They basically said all the same things that have been reported here, but the fact that it actually made broadcast news kind of speaks to how much attention the area is getting. They also reported that since the downtown market is lagging behind the rest of the market as far as the slowdown, the worse is probably not going to show itself for another year. A councilwoman from that area said however, that the money is in place for the proposed park that will be part of "The Grand", so its construction will proceed on schedule.
I also totally agree with Ruffy on the comparison game. Its kinda like that scene in "Titanic" when the stuffy matrons didn't want to associate with Molly Brown because she was "new money"...its the same game. These other "World Cities" wanna keep their elite club, and their elitist promoters will always look down their nose at LA. The fact remains, that we as a city have equaled in most and even overtaken in some ways the "world class" title of many of these places, despite the best efforts of the outside, and some inside.