Downtown LA office buildings are over 40% vacant. Class A office buildings in the downtown Toronto financial district are 90% full. Don’t blame COVID or back-to-work rules for Downtown LA’s decline. Blame our elected officials. They drive through Downtown LA every day to get to City Hall and see the crime, blight, and encampments. A tough environment to work in. Are they blind or incompetent?
Big ideas come from great leaders - even leaders that might not always agree with each other or come from different backgrounds. Mayor Bass and I agree: public-private partnerships like what we’ve done in the Palisades are the best way to solve many of LA’s needs. I thank her for her support and leadership to rebuild Palisades Park and The Palisades Village.