"Nowhere in Los Angeles is more construction under way than in and around its long-neglected downtown. A study conducted in February 2006 by the Los Angeles County Economic Development Corporation estimates that there has been $12.2 billion worth of built and planned construction here since 1999. Roughly $8.7 billion of that is for private projects, including more than 26,500 residential units, with $3.5 billion for cultural and civic works." Arch Record. Earlier.
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