Downtown Los Angeles Poised For Renewal

"The elements for renewal are in place, [ says Carol Schatz, the president and CEO of Central City Association] optimistically. The private sector has paved the way with over $50 million in a business improvement district program that improved the neighborhood. But a thriving downtown will not succeed, she went on to say, without converting old office properties to residential use. She expects 84,000 housing and mixed-use environments to be created by 2004."

Thanks to Walter Kunz