The LA City Council is hoping the cost of the taxpayer-funded loan is eventually recouped from the developer — whoever that is, now that Oceanwide Plaza is up for sale. (Photo: Screenshot from NBCLA story on the “Graffiti Towers”)
Amount the Los Angeles City Council has approved to set up barriers, install an all-encompassing fence, enlist private on-site security, and remove graffiti on nearly 30 floors of Oceanwide Plaza, a $1 billion complex that is just over halfway complete: $4 million
