Our Dave Wilcox was there for the glorious moment....
See the full article at: http://www.latimes.com/news/local/la-me-grand14feb14,0,5273884.story?coll=la-home-headlines
Grand Avenue project passes go
City and county OK the $2.05-billion plan to reshape downtown L.A.
By Cara Mia DiMassa and Jack Leonard
Times Staff Writers
February 14, 2007
"Despite criticism about tax breaks and land giveaways, the Los Angeles County Board of Supervisors and the Los Angeles City Council gave final approvals Tuesday to a sprawling mini-city atop Bunker Hill that will alter L.A.'s skyline and set a course for future development in downtown.
Elected officials and other backers of the Grand Avenue project described the vote as a turning point for Los Angeles, whose civic leaders have tried for decades without success to establish a central cultural hub downtown that would draw people from throughout the region."....
"The $2.05-billion Grand Avenue project would be the largest single development in downtown history, and would be built almost entirely on public land that would be leased for 99 years to mega-developer the Related Cos. It has few if any equals in the region, in part because of the complexity and scope of the private-public partnership."............
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