LA plunks down $150K to assess makeover of defunct Oceanwide Plaza

Los Angeles will spend $150,000 to spur a makeover of the graffitied Oceanwide Plaza in downtown. The City Council voted to use the funds to hire a consultant to analyze the proposed redevelopment by KPC Square of a hotel at the blighted towers at 1101 South Flower Street, City News Service reported. The city wants to provide development incentives to help create the new hotel. The council will likely ask the developer to provide the project funding and will also likely demand it reimburse the city for any financial, economic or consulting services needed to evaluate the project, according to […]

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