Panel fed up with downtown project delay

DOWNTOWN LOS ANGELES (KABC) -- The panel overseeing the $3 billion Grand Avenue project downtown is fed up with construction delays.

It turned down the developers' request to push back construction for another eight months. The developers say they are having a hard time getting construction loans.

The panel did grant them a 60 day delay.

The Grand Avenue project, across from Disney Hall, would include a hotel, shopping center and condo towers designed by Frank Gehry.

 

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