Odd time in LA's history. sort of a case of, it was the best of times, it was the worst of times....
Oceanwide proj still being unfinished yrs after groundbreaking, with no guarantee it will be completed in the future, is making me think of that site yrs ago when construction barricades were put up around it, only to be removed a few months later due to the devlpr backing out. It sat as a parking lot for yrs on end, not much better than the tinker toy structure on bunker hill that used to sit across from disney hall.
The city isn't attracting lots of businesses & ppl in the way it should be if it were really healthy.....housing prices too high, too many homeless ppl all over the place....places smelling of urine & ppl having to walk carefully around poop on the sidewalks (from ppl or dogs?)....don't want dtla to return to its bad ol past....or get trapped in its current condition.
Quote:
Central Los Angeles is set to see the largest population growth in the Greater L.A. area. According to a new report from JLL, Central Los Angeles is expected to see this population growth over the next five years. Downtown Los Angeles will see the biggest increase in population, with 12,000 new residents entering the market by 2024. That is a 20% increase, the largest in L.A. Koreatown and Hollywood are also expected to see a healthy increase in population.
While the Central L.A. area will see the most population growth in Los Angeles, the greater market is still seeing stagnant pop. “Net migration overall for LA County has been in the red for the last few years. In 2018 it’s estimated that 34,000 more people moved out of LA County than moved in,” says Schiada.
“This is not a decline in population overall, but we’re on the line given total population grew by just 17,000 people last year (thanks to births). Housing affordability is certainly a major driver; just look next door to Riverside County where home prices are more affordable than the rest of SoCal; it’s one of the fastest growing counties in the country.”
ESRI forecasts Downtown, Marina Del Rey and Playa Vista to have the strongest population growth through 2024 at 21%, 15%, and 14%, respectively.”
|