- A Chinese firm started to build a massive tower plaza in Los Angeles but ran out of funds in 2019.
- The Oceanwide Plaza towers are now mainly used by graffiti artists and base jumpers.
- LA’s City Council estimates it’ll take $2 billion to buy the property and complete the project.
Can it actually be turned into something that’s worth 2 billion, or would spending more on it just be chasing a sunk cost?
ramble81@lemm.ee 4 months ago
“Buy the property”? What about seizing it or condemning it.