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Air Rights Could Bring Capital Funds

By Eric Richardson
Published: Monday, March 19, 2007, at 08:25AM

The Times has hit the story about selling air rights from a couple different angles now. Last week they questioned whether Downtown could take the density. Today the editorial department writes a piece in favor and Steve Hymon takes a look at how the City might spend the money. He says those of us Downtown are excited about the potential of cash that can go into capital projects. And wait, who's this he quotes?

Many downtown residents say they are excited that the city may have new money to spend, and already a debate has begun over how to use the funds.

"I think there will be a lot of eyes on this money and I feel very comfortable that the people here — particularly Jan Perry — understands what downtown needs," said Eric Richardson, a member of the Downtown Los Angeles Neighborhood Council who also runs the website http://www.blogdowntown.com .

Richardson would like to see some of the money used for affordable housing and possibly to buy an open lot for a future park, particularly in the South Park area, which is being rapidly developed.

I only regret that my first real quote in the Times has incorrect subject-verb agreement.

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