In a recent filing, L.A. officials expressed doubt about proposed buyer KPC's ability to finish the project, which is to include housing, a hotel and stores.
Original reporting: LA Times, Business.
More in Business
- IMF Chief Warns of Economic Divergence and Debt Risks Amid Artificial Intelligence Boom
Kristalina Georgieva suggests that while AI could significantly boost global growth, it simultaneously threatens to widen inequality and exacerbate inflationary pressures and public debt burdens.
- California Limits Utility Profits and Expands Home Energy Role
Gov. Gavin Newsom signed laws capping utility returns on lower-risk projects and accelerating virtual power plant development.
- Lyft to Pay $272.5 Million in Record California Wage-Theft Settlement
Largest such settlement in state history resolves claims that Lyft misclassified drivers as independent contractors from 2016 to 2020, denying them core wage protections.