Items Tagged ‘chapter 11’
Going for Broke
Publication Date:
October 23, 2009Written By:
Anna ScottSource:
Los Angeles Downtown NewsRead more...
Synopsis:
While the Adaptive Reuse Ordinance may have helped spur residential development in downtown LA, the economic downturn has brought a new set of problems. There are currently eight projects in bankruptcy, though these are recently completed or nearing completion. The issue is two-fold: large amount of supply, economic recession.