Monday Morning: New Condos in South L.A. -- Or Is it South Central?

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Good Morning. ‘Hope Builds in South L.A.,’ says the headline in this morning’s L.A. Times, on a story that raises some questions for us:

--Is there a market for 150 new condos at $340,000 to $380,000 in this part of town? The developer calls it a ‘rough area’ where ‘We have had drive-by shootings in the past.’

--Are we the last to know that Wall Street backs church projects like this one? The story says Morgan Stanley has already invested $5 million through ‘New Markets Tax Credits’ and is likely to put in $6 million more.

--Lastly, do people say ‘South Los Angeles’ or do they still say ‘South Central’? We know, we know, the name has been officially changed. Sometimes name changes work -- nobody says ‘Rhodesia’ or ‘Persia’ anymore. Sometimes they don’t.

Your thoughts?
Photo: The Watts Towers, via I Build the Tower