What should have been a hugely successful retail development in Hollywood is instead a huge flop.
"Hollywood and Highland is the present-day 'Heaven's Gate' of commercial real estate. Anticipated to become the keystone of Hollywood redevelopment, this $615 million extravaganza has been the victim of climbing budgets, poor taste, and a possible miscalculation of its core audience. After taking two enormous charges, worth a total $400 million, Chicago-based owner-developer Trizec Properties finally sold the problematic project last month to CIM Group of Los Angeles, for a modest $201 million. Now CIM has some ideas, albeit preliminary, on how to turn the Blue Elephant of Hollywood Boulevard, crouching on its hind legs atop a 73-foot Babylonian column, into something hipper and more oriented towards locals than tourists."
Thanks to Peter Slatin
FULL STORY: When Blue Elephants Turn White
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Vehicle-related Deaths Drop 29% in Richmond, VA
The seventh year of the city's Vision Zero strategy also cut the number of people killed in alcohol-related crashes by half.
As Trump Phases Out FEMA, Is It Time to Flee the Floodplains?
With less federal funding available for disaster relief efforts, the need to relocate at-risk communities is more urgent than ever.
Berkeley Approves ‘Middle Housing’ Ordinance
The city that invented single-family zoning is finally reckoning with its history of exclusion.
SEPTA Budget Slashes Service by 45 Percent
The Philadelphia-area transit agency is legally tasked with maintaining a balanced budget. Officials hope the state will come to the rescue with additional funding.
Connecticut Governor Vetoes Housing Bill
Gov. Lamont reversed his view on a controversial affordable housing bill that would have required municipalities to zone for set amounts of affordable housing to receive state funding.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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