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Showing posts from June 8, 2008
http://www.latimes.com/news/local/la-me-grand8-2008jun08,0,296533.story Antonovich questions plan to again delay Grand Avenue project's start The developer says the postponement is necessary because of the tight credit market. County supervisor calls for the Frank Gehry-designed project across from Disney Hall to be put out to bid again. By Cara Mia DiMassa, June 8, 2008, Los Angeles Times Staff Writer June 8, 2008 A Los Angeles County supervisor is raising questions about an oversight panel's scheduled vote Monday to delay construction of the much-watched, $3-billion Grand Avenue project. Related Cos., developer of the Frank Gehry-designed project set to rise across the street from Walt Disney Concert Hall in downtown L.A., said the delay was necessary because of difficulty in obtaining construction loans amid the real estate downturn. It would push the opening of the project's first phase to 2012. Supervisor Mike Antonovich issued a sta