Another extension for Grand Avenue
The Grand Avenue Authority on Monday granted a 60-day extension to the developer of the project as the firm struggles to obtain a loan to begin construction this month on the $1 billion first phase. Troy Anderson in the Daily News.
Los Angeles city and county officials said they plan to work with The Related Cos. over the next two months to negotiate schedule changes and determine whether it will be necessary to delay the start of construction until February.
"I think we need further discussions and assurances of where we're at," authority chairwoman and county Supervisor Gloria Molina said. "They are not ready with their construction documents and it's very tough to get a loan right now.
About The
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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
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