Los Angeles mayor outlines development strategy

Sunday, July 31, 2005

The new mayor of Los Angeles has set out an ambitious economic development agenda to attract new investment to his city. The most interesting aspect of the plan comes in the tactic to identify key projects and provide a fast track to their completion.

The plan points to a danger we often confront and economic development, however. It raises expectation about the success. Unfortunately, development projects in Los Angeles face numerous obstacles, from financing to the "Not in My Back Yard" opposition of residents. It will be interesting to see if the mayor can the fulfill the promise of his new direction. Read more.

posted by Ed Morrison |

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