LA Live is Growing

January 21st, 2010

Looks like Anschutz Entertainment Group is not done with their multi million dollar development at LA Live. The Community Redevelopment Agency is considering a request from AEG to develop the South Park entertainment district. Their intentions are to create a more business oriented development that will provide customers for the existing restaurant tenants.

 LA Live

Today, January 21, 2010, the CRA is considering the request to add office and production studio space to the site, while reducing the number of hotel rooms that were part of the original LA Live master plan. This doesn’t come as a surprise since the hotel industry is still hurting the recent recession. More hotels have gone out of business in the last 3 years compared to the previous 10 years combined.

LA Live 

This would allow for AEG to add approximately 600,000 square feet of office space. No timeline has been provided. In addition the above mentioned project, the City Planning Commission separately considered plans for AEG to develop a 269,182 square foot broadcasting studio at LA Live that could accommodate a nationwide cable television network.

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