Risk Vs. Reward In Downtown L.A.

Have the L.A. Grand Avenue decisionmakers played the too-safe side of the risk-reward ratio?
May 28, 2004, 9am PDT | Chris Steins | @urbaninsight
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"Teeth were being gnashed all over Los Angeles early this week after the Grand Avenue Committee declined to make a definitive selection of a developer for the coveted 3 million square foot mixed-use project... But the narrowed field, while it surely represents the potential for excellent commercial development, also suggests an outcome that will do little to advance the LA skyline, only to enlarge it. The committee is clearly seeking a predictable rather than an exciting solution. It should be mindful of the risk-reward ratio."

Thanks to Peter Slatin

Full Story:
Published on Thursday, May 27, 2004 in The Slatin Report
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