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Grand Avenue Committee Plays Tough with Related?

By Eric Richardson
Published: Monday, June 09, 2008, at 04:16PM
Erector Set Lot at Disney Hall Eric Richardson [Flickr]

Phase I of the Grand Avenue project will rise on this lot, currently site of the reopened erector set parking structure.

In a story posted just minutes ago, Cara DiMassa of the Times writes that the Grand Avenue Committee is playing tough with Related Companies, denying the developer's request to delay until February of 2009 and instead approving an extension until just August.

Instead of approving developer Related Cos.' requested delay, the joint powers authority approved a motion by county Chief Executive William T. Fujioka giving the developer until Aug. 15 -- a much shorter period than expected, though one that could be extended at the authority's July meeting. Fujioka asked that city and county staff meet with officials from the developer to negotiate any further delays before then.

While this news is unexpected, it likely doesn't represent the ultimatum it might be taken to be. The Committee and the project are too far along to burn bridges and start over at this point.

Update (5:40pm): Curbed talks to the Related camp, and notes that the report may have been a bit overblown.

Update (9pm): The LA Business Journal's report calls it a 90-day deferral. Reports seem to be that the committee may have simply tabled the extension, instead of deciding one way or the other.


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