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Grand Ave Funding Approved

By Ed Fuentes
Published: Tuesday, March 18, 2008, at 01:35AM

Downtowners will (almost) be ecstatic when they read today's Los Angeles Times story that says according to officials construction for phase one of the Grand Avenue project will begin next month. With ongoing delays the project seemed shrouded in mystery, but reporter Cara Mia DiMassa writes "doubts were eased Monday when the government agency overseeing the redevelopment approved the investment of Istithmar.”

With the funding controlled by the royal family of Dubai green lit, the demolition of the parking structure across from Disney Hall can now begin, making room for first phase of the Frank Gehry-designed project.

Bill Witte, chief executive of Related California, also told the Times it was hopeful that a proposed design for the Civic Park, also part of phase one, would presented in April. Landscaping and public art components “are still in the works” and will be "under consideration" in May by the Grand Avenue Authority.

A ground breaking date was not announced.

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