pesto, while I personally agree with your view that improving schools is important to future downtown development, I've removed your post and the responding posts to A) prevent a flame war and B) because they don't comment on an actual downtown project.
Keeping things on track, here is some "news" on an actual downtown project from
Curbed LA earlier today:
(Image courtesy Curbed LA)
Stirrings At The Embassy Hotel
DOWNTOWN: Another year, another tease at the Chetrit Group-owned Embassy Hotel/Trinity Auditorium building at Grand and Ninth. It was August 2010 the last time we heard about activity at the site; now a reader writes: "There have been lots of contractors on the roof of the old building lately...well, 3 or 4 all last week and now there are probably 10 cutting and sawing away. do you guys know what is going on there?" Chetrit had talked about turning the building into a Gansevoort Hotel and later condos avec skybridge. The developer's also been pretty busy lately at its previously-long-stalled Clark Hotel site near Hill and Fourth.
Read the rest of the story here:
Curbed LA