Los Angeles Business Journal

Panel Puts Hold on Makeover of Land Near USC

Wednesday, August 22, 2012

A planned $1.1-billion makeover of a faded shopping center near USC into student housing and retail space was put on hold by a Los Angeles City Council land-use committee. The Los Angeles Times reports that a coalition of community, labor and faith groups told the panel that they believed the school was not offering enough money to make up for the loss of low-income housing. See also the Business Journal’s earlier coverage of USC’s big development plan.