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Related Cos Says It Still Can't Get Financing for Grand Ave

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Related Cos plans to request a two-year extension of its current February 2011 deadline to start work on the Grand Ave project, according to the Los Angeles Times, news which the Los Angeles Business Journal said was possible back in May. Quoted in the story is Blogdowntown's Eric Richardson, who asks: “Some people are asking, ‘Does downtown really need a mega-project at this point?' Indeed. Time to give it to someone else? We certainly know a certain Chinese performing arts center looking for a Grand Ave parcel.
· More big delays for Grand Avenue project [LAT]
· Related Wants Another Extension on Grand Ave Ground-Breaking [Curbed LA]