FULL POST
You may have heard of the nearly $2 Billion Downtown CRA mixed use project called, LA LIVE. (A Ritz Carlton Condo/Hotel, Marriott Hotel, PF Changs, Movie Theaters, Specialty Retail and open space. [If you are a rich billionaire visiting from Asia, you will love investing in this area! If you are a business or organization planning a convention near the convention center, well you better try Vegas, this will price the city right out of the ballpark!]
Plus a few other minor issues I am concerned about: Like the fact that there is no wat the City can be serious about thinking they can build another Universal City Walk Type project near Staples Center. They might be able to get some of it approved and built, but this is "pie-in-the-sky" fantasy land talk.
So just when you think there isn't enough demand for more five start hotels, luxury condos (instead of a range of affordable, middle and upper level residential housing for workers in the area), you forgot to factor in the fact that there is another OVER $2 billion five star hotel, luxury condo, specialy retail, restaurant and open space project to compete with the minimal demand. It's called...drumroll please...because it really deserves a prodigious, magestic, regal, fantastic, tribute of an introduction...
ELI BROAD & CORPORATE WELFARE FUNDSUCKERS INC'S...GRAND AVENUE PROJECT!!!
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