The LA Times lays out the Daedalian dealings in San Pedro that has filled the coffers of the federal and local governments, private developers, and a charity that backpedaled on its promise to provide homeless housing in San Pedro. Apparently, Volunteers of America strong-armed its way into 28 acres of land to build transitional housing, then turned around and flipped the land for a tidy profit of $31.3 million. Wait - questionable development deals, betrayal of the public's trust and broken promises to the poor and disenfranchised? Sounds like just another day in Los Angeles real estate.
Shame in San Pedro [LA Times]
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