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Originally Posted by BillinGlendaleCA
I'm not too sure that ARCO could have built on that site and preserved the Richfield Building. Keep in mind in the late 60's when ARCO decided to consolidate their operations here in LA(they could have gone with Atlantic's HQ in Philly), they were facing a really big capital project in getting crude from the North Slope down to it's refineries in Washington and Carson. So to develop the whole block they needed a partner(Bank of America) to help share the costs of the new headquarters.
The Richfield Building wasn't forgotten at ARCO, the lobby for the executive floors on the 50th floor had about a 4' model of the building. I really wonder what happened to that model after ARCO vacated the tower and moved to the old Security Pacific building and then being acquired by bp.
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It would have taken a bit of imagination, a smaller plaza, perhaps an additional block for the second tower for BA. Perhaps a city waiver. Unfortunately the Richfield tower was not valued as something to be preserved in the late 1960s. When Wells Fargo built a new 43 story HQ in SF in the late '60s, it didn't tear down the old HQ. It was preserved, and I believe it now is the HQ again. The 43 story was sold. Maybe the bank still rents space in it. Not sure.
Ironically, BA moved out of ARCO/BA plaza a few years later when it took over Security Pacific & moved into the Bunker Hill tower of SP. ARCO was taken over so they left too. BA also closed it's SF headquarters & moved to Charlotte. So, we lost ARCO and we lost the Richfield tower, and we have two 52 story dominos with high vacancy which some people like. If they had of kept the Richfield tower with one or two new towers, maybe the complex would be much more rented out today. We'll never know. Ancient history.
At least we value our past landmarks more than we used to. Look at Broadway, Spring, 7th etc. Fortunately so much of the old still survives. Cities that preserve the best of the old when they build the new are much more interesting places.