Intersection of broken promises

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NORTH HOLLYWOOD - An economic aftershock of the Great Recession has quietly crushed more than a half-billion dollar redevelopment project for Laurel and Valley plazas in the East San Fernando Valley. Gregory J. Wilcox in the Daily News.

The project, totaling more than $600 million when approved in the middle of the last decade, would have turned the south side of the intersection of Victory and Laurel Canyon boulevards into an oasis of shops, restaurants, movie theaters, a park and 742 condominiums, townhouses and apartments.

Today it's the intersection of broken promises.


1 Comments

gregb Author Profile Page said:

For those of us living in that area, just more proof that the City of LA doesn't give a "care" about us living there. Local family restaurants closed for a bogus development that did not occur. Lots of boarded up buildings for eyesores. That after Wendy Greuel allowed the LAUSD to destroy the northern part of that shopping area to build a school (named after a former Democratic Governor of Colorado).

Thanks for nothing!!

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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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This page contains a single entry by Rick Orlov published on April 18, 2011 6:48 AM.

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