by Echo Park Community Coalition (EPCC)
Friday, Jan. 15, 2010 at 10:19 PM epcc_la@hotmail. com 818-749-0272 1740 W. Temple St. Los Angeles, Ca 90026
While the US economy is in the doldrums, gentrification marches on in LA with five huge developments projects to open in early 2010.
The five mega projects n downtown LA are the following: 1) The $ 900 million 54-story Convention Center Hotel at LA to open Feb 15. It has tower of 878 room at JW Marriot and 123 at Ritz –Carlton condos. It is located at LA Live campus where the Staples Center I located. 2) the $ 168 million University Gateway of USC 3) Beautiful Music Concerto in South park 3) the $125 M Medallion at Main and 4th Street and 5) the $ 145 M California Science Park I Exposition Park.
Mega Projects in LA- Gentrification Amidst Crisis and Poverty
Los Angeles---While the US economy is in the doldrums, gentrification marches on in LA with five huge developments projects to open in early 2010.
The five mega projects n downtown LA are the following: 1) The $ 900 million 54-story Convention Center Hotel at LA to open Feb 15. It has tower of 878 room at JW Marriot and 123 at Ritz –Carlton condos. It is located at LA Live campus where the Staples Center I located. 2) the $ 168 million University Gateway of USC 3) Beautiful Music Concerto in South park 3) the $125 M Medallion at Main and 4th Street and 5) the $ 145 M California Science Park I Exposition Park.
Central LA
Meanwhile in central LA, around the Historic Filipinotown, while many retail business closes and old apartment buildings demolished, new multi-housing units sprung up. Some of the newly constructed buildings are Miramar Towers in Bonnie Brae St, Bonnie Brae Village and the Mindanao Apartments in Temple St.
The question is if the ordinary immigrant renter can affords it rent. A large Korean community resides in the nearby old Miramar Towers. The three apartment housing complex replaced the old tenements build in the area before the second world war during the housing boom after the 1930’s depression.
It is a common thing to see FOR RENT signs along the mainly apartment corridor in the central district. Even some restaurants and adult day care centers have closed up already but new business replaced them at once.
Historic Filipinotown district is an immigrant transient point in Southern California. Although majority of the residents here are Latinos, a large immigrant group of Filipinos resides here. Its proximity and cheap rent attracts of immigrants to live here.
