Posted inLa city council, La city news, Real estate

City Public Property Could Be a Billion-Dollar Blind Spot

LOS ANGELES — A city that cannot balance its books is sitting on more than 7,500 parcels of land. A 2019 controller report found responsibility for those assets spread across departments, without a single citywide strategy for determining whether a maintenance yard, parking lot or low-rise facility could do more for taxpayers. Los Angeles owns […]

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