Rick Caruso, the Oceanwide Plaza towers could use your help

 

February 29, 2024



Taggers have graffitied what appears to be more than 25 stories of a downtown Los Angeles skyscraper that's been sitting dormant for several years. Construction on Oceanwide Plaza, a $1 billion mixed-use retail and luxury apartments project with three towering unfinished structures, stalled in January 2019 after the Beijing-based developer lacked the funds to complete it. (Robert Gauthier/Los Angeles Times)

Taggers have graffitied more than 25 stories of a downtown L.A. skyscraper in the abandoned Oceanwide Plaza development. (Robert Gauthier / Los Angeles Times)

To the editor: I have an idea of what to do with the abandoned Oceanwide Plaza towers in downtown Los Angeles. ("Clean and secure your tagged high-rise or we’ll do it for you, L.A. tells owners," Feb. 8)

When he was running for mayor of Los Angeles, billionaire developer Rick Caruso said his administration would build thousands of units of housing for homeless people. Now is the time for him to step up and put his money where his mouth is.

Have the initial developers sell the property to him for $1. He can finish the towers, and then he can turn all of the apartments into housing for homeless Angelenos.

Problem solved. The city will undoubtedly support this, and he could become a hero to Los Angeles.

And of course, he could name them Caruso Towers.

Kim Airs

Culver City

 
 

Reader Comments(3)

Twinmama writes:

If Rick Caruso was mayor this would have been nipped in the beginning. Real estate developers do not redevelop class A properties for section 8 or homeless it would be unsustainable. If a consortium of developers could buy finish and get this development finished it would be the best outcome. South Park is an amazing neighborhood and these are luxury buildings that cannot be gifted to mentally challenged and disabled people who need assisted living social workers rehabilitative services .

skwidwurd writes:

There will NEVER be a homeless hotel in that neighborhood -- right across the street from Crypto.com Arena, L.A. Live and the L.A. Convention Center. It would scare away everyone. The tax-base would evaporate. Don't be ridiculous. What's YOUR address? Have the homeless camp on YOUR front yard -- if you are serious.

Lovelyday writes:

Kim you are very on point. This is a great suggestion and one that Rick Caruso not should but needs to consider.

 
 
 

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