The Los Angeles City Council has agreed to spend millions to secure Oceanwide Plaza, an abandoned real estate project taken over by graffiti artists.
  • A Chinese firm started to build a massive tower plaza in Los Angeles but ran out of funds in 2019.
  • The Oceanwide Plaza towers are now mainly used by graffiti artists and base jumpers.
  • LA’s City Council estimates it’ll take $2 billion to buy the property and complete the project.
  • ramble81
    13·
    8 months ago

    “Buy the property”? What about seizing it or condemning it.