Real Estate/Development
Apr. 25, 2011
Should the Courts Help Los Angeles Commit Fiscal Suicide?
Should the Courts Help Los Angeles Commit Fiscal Suicide By Mistreating Property Owners?
Gideon Kanner
Professor of Law Emeritus
Loyola Law School
USC Law School
FIRST IN A TWO PART SERIES: The juxtaposition of two recent news items suggests that Los Angeles has at long last gone around the bend. According to the Los Angeles Times, Mayor Antonio Villaraigosa has acknowledged the severe financial challenge and has pledged to find a solution. But even as "Hizzoner" spoke to the Times, the city was hard at work blowing a quarter of a billion dollars on land, for the purpose of... Actually, for no purpose, according to the Court of Appe...
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