Los Angeles Takes Action to Secure and Clean Up Billion-Dollar Graffiti Towers
City crews in Los Angeles have begun taking steps to secure an unfinished complex of downtown high-rise towers, known as the "graffiti towers," that have been vandalized and used for dangerous stunts by trespassers. The project, originally intended to house a hotel and luxury condominiums, stalled in 2019 when the Beijing-based developer ran out of money. City leaders fear for public safety and are seeking a developer to complete the project, estimating it would take $1.5 billion to do so.