Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth and for LAist. Make your year-end tax-deductible gift now.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Grand Avenue Project: Delayed
A rendering of the development area from 2005 | See a larger image of this here.
Eli Broad may be bringing his museum to Grand Avenue and a new civic center park may be underway, but the massive $3 billion Grand Avenue Project is not going to start in 2011 as planned. Developer Related Cos. wants a two-year extension on the start date, saying that obtaining financing in this weak economy is not panning out, according to the LA Times.
The project, if it ever comes to fruition, would bring a hotel, condos, restaurants, shops and art galleries to a handful of blocks between the Walt Disney Concert Hall and City Hall. A Frank Gehry-designed glass tower would be the architectural feature.
Government officials must approve the extension, which could mean a groundbreaking in February 2013 -- that is if they don't ask for yet another extension. Curbed LA hints that maybe the project should be given to a different company.
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
