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Fri Apr 27, 2012, 12:11 PM

L.A. still seeks its footing 20 years after riots

The boisterous leader of Operation Hope — a community group founded to help rebuild L.A. after riots broke out 20 years ago this Sunday — told the bus filled with dignitaries, volunteers and others earlier this week that few signs remain in the area of the unrest.

Bryant is quick to point out numerous locations where new strip malls, apartment complexes, fast-food restaurants and gas stations have risen from the ashes of thousands of structures torched during six days of rioting and looting in late April and early May of 1992. South Central, he said, has moved on and is drawing interest from the business community.

“Somebody has realized this is centrally located real estate,” the enthusiastic Bryant told riders. See a slide show of six days that shook Los Angeles.

A look at the economy, however, would reveal that troubling signs remain for L.A., two decades later. Some indicators are even more disturbing now, as the nation’s second-largest city struggles to keep its own balance with a decimated real-estate market and few opportunities for growth.


Read more:
http://www.marketwatch.com/story/la-still-seeks-its-footing-20-years-after-riots-2012-04-27

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Reply L.A. still seeks its footing 20 years after riots (Original post)
shawn703 Apr 2012 OP
Drsdman Apr 2012 #1
Meiko Apr 2012 #2

Response to shawn703 (Original post)

Fri Apr 27, 2012, 01:23 PM

1. Next to go is Florida

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Response to Drsdman (Reply #1)

Fri Apr 27, 2012, 01:32 PM

2. Let's hope not

 

No good can come from this.

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