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L.A. Live Could Get a New Neighbor Called L.A. Central

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Across Figueroa from the Staples Center and catty-corner to L.A. Live is a property that could someday be L.A. Central. Originally set to be home of two towers--53 and 37 stories--over 850 market-rate units, a 222-room hotel and 250,000 square feet of retail, the project has seen trouble in past years, but plans are still afoot, even if a bit scaled back reports Eric Richardson at blogdowtown. Today, the property owner of the four-acre site said they have extended financing for the project.