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Ambassador Schools Will Cost Over Half a Billion Dollars

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The saga of the former site of the Ambassador Hotel continues: The LAUSD may have trampled its enemies (Donald Trump, the LA Conservancy) but at what cost? The new schools constructed on the site were originally estimated to cost $235 million. The latest projection is a whopping $566 million. All of a sudden, the LAPD's new HQ looks like a bargain. [Downtown News]