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LAUSD May Stop Building for 5 Minutes

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The Los Angeles Unified School District puts up schools (and, in some cases, knocks down homes) at a such a speedy and alarming rate, but now comes news (which has been kicking around for a while), that some projects may be put on hold. "Due to weak investor demand for public sector bonds, a number of Los Angeles Unified school improvement projects funded under a $7 billion measure approved by voters in November will be delayed, officials said Monday," writes the Daily News. "The district said in a news release that declining property values have hurt its ability to sell bonds to investors, which could delay improvement projects not yet started by up to four years." But as the paper notes, the projects currently under way will not be paused. [Daily News]