Quote:
Originally Posted by Crawford
I don't think LA is centralizing. It isn't adding transit share, and it isn't (relative to other cities) building more core housing or adding core employment.
But I do think it's better than ever.
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Believe me, it is. Yeah, the city of Los Angeles is pretty much built out especially its core. Obviously it is harder and slower to add new units when it means tearing down existing housing with all the politics and NIMBY crap that goes along with that. That said, the only area seeing substantial construction in the City of LA is its core neighborhoods. The only places seeing substantial growth are Hollywood, North Hollywood, Koreatown , City West and Downtown.
From 1999 to 2015 over 24 billion has been invested in Downtown LA. Since 2010 79 new developments of over 500,000SF have been added to Downtown and I am not sure if that includes all the adaptive reuse of its treasured Beau Arts and Art Deco core. I am not sure how that relates to other central core Downtown areas, but it is quite a substantial investment and investment has picked up pace since 2015 and will continue likely thru the Olympics.
At the 2000 census just under 28,000 people lived Downtown and 18 years later 67,000 live Downtown. By the end of 2020 it is supposed to surpass 75K and within 10 years it is projected well over 100K again for the first time since the 1920's. In fact the Bid Survey expects it Downtown's population today to double by 2028.
With a 140 Billion investment in LA Metro over the next 40 years mainly centered in the basin adding transit share will once again be on the rise. It lost a lot of its share as unfortunately those who used it most have been forced out due to the high cost of living.
https://www.cnn.com/2017/02/15/archi...val/index.html
https://www.downtownla.com/images/re...esults.v23.pdf