Toxic Turnaround In LA
Interest in putting LA infill sites back into productive use is attracting significant attention. But there's a problem: much of that core is toxic.
The Los Angeles Business Journal features a special section: "Real Estate - Toxic Turnaround: Fixing Polluted Properties." The section is led by a feature article by real estate writer Elizabeth Hayes, who outlines the issue: Unlike the pristine land in outlying areas, infill sites are often oozing with the remnants of LA's industrial past -- chemicals, metals, and other substances left behind by decades of oil refining, auto manufacturing, metal plating, and other Old Economy activities. Cleaning up the sites is an expensive and highly-politicized process. This article is not available online unless you are a Los Angeles Business Journal subscriber.
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