Tag

Rick Caruso

All articles tagged with #rick caruso

urban-development1 year ago

"Downtown L.A.'s Graffiti Tower: Controversy, Chaos, and BASE Jumping"

The Oceanwide Plaza luxury development in Los Angeles has become a canvas for graffiti artists after being left vacant and half-finished since 2019. The city is debating what to do with the towers, with some suggesting demolition and others proposing completion for public housing. The L.A. City Council has voted to have the buildings cleaned and secured, with the bill potentially reaching $4 million, but the bankrupt developer may not comply. Billionaire developer Rick Caruso criticizes the city's handling of the situation and blames it on dependency on Chinese money and weak policies. Mayor Karen Bass has not responded to requests for comment.