July 12, 2005

DON'T THEY KNOW ABOUT POPULATION DENSITY?:

Where L.A. riots flared, a housing boom: Developers are turning the lots of South Los Angeles into new apartment complexes and condos. (Sara B. Miller, 7/12/05, The Christian Science Monitor)

Since the 1992 riots left more than 50 dead and more than 1,000 buildings destroyed, "South Central" Los Angeles has conjured such violent imagery of racial strife that in 2003 the city council deemed its very name pejorative.

Now, to the surprise of many, developers are turning the lots of South Los Angeles into the city's latest housing boom - erecting new apartment complexes and condos where abandoned factories and homes once stood.

In many ways, the changes taking place here differ little from what is happening in New York's South Bronx or in the neighborhood surrounding the Cabrini Green project in Chicago. A heated housing market, federal tax credits that have turned blighted buildings into good investments, and the changing lifestyles of residents who opt to give up gated communities for more square feet and a shorter commute have spawned interest in some of America's toughest neighborhoods.


What's a race riot or two when cheap real estate is involved?

Posted by Orrin Judd at July 12, 2005 12:25 PM
Comments

Rodney King smiles here too.

Posted by: jdkelly at July 12, 2005 2:03 PM

What's cheap real estate when a race riot or two is involved?

Posted by: obc at July 12, 2005 11:06 PM
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