Downtown Los Angeles Poised For Renewal

The prospects for downtown Los Angeles, the "last big urban frontier in the US," are bright.

1 minute read

February 5, 2002, 5:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"The elements for renewal are in place, [ says Carol Schatz, the president and CEO of Central City Association] optimistically. The private sector has paved the way with over $50 million in a business improvement district program that improved the neighborhood. But a thriving downtown will not succeed, she went on to say, without converting old office properties to residential use. She expects 84,000 housing and mixed-use environments to be created by 2004."

Thanks to Walter Kunz

FULL STORY: IREM: Downtown Los Angeles Set To Boom

Friday, February 1, 2002 in GlobeSt.com

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