LA Live moving ahead

Although the nation's economy is faltering, backers of the L.A. Live project in downtown Los Angeles said Thursday they under budget and on schedule for a beginning next month of rollouts to culminate in the 2010 opening of a 54-story hotel and luxury-condo tower. Daily News.

"We have been fortunate that we developed all our financing before the current problems hit, and we think it will end up benefiting us," said Tim Leiweke, president of AEG and the driving force behind the project next to Staples Center.