LA Mid-Rise Boom Backfires: 22 Projects Abandoned
Key Takeaways Los Angeles faces a significant setback as 22 mid-rise housing projects are left abandoned, signaling a major halt in new housing development. The city experiences a sharp 57% drop in construction permits, reflecting a collapse in investor confidence and escalating project losses. Urban blight and fears of displacement intensify as neighborhoods grapple with halted construction and the looming threat of broader economic hardship. The Hidden Toll of LA's Stalled Housing Projects Catastrophe stalks the streets of Los Angeles as the once-glittering mid-rise housing boom collapses, leaving behind 22 forsaken projects—gutted, vandalized, and abandoned. Investors face mounting losses as construction halts, and permits plummet by a staggering 57%. The city's skyline decays into haunting silhouettes of unfulfilled promise. Economic paralysis looms, neighborhoods suffocate under urban blight, and displacement fears rage unchecked. The true scope of this urban d...