17 Apply to Inherit Assets of Rebuild L.A.
Seventeen agencies and schools have applied to be the heirs of Rebuild L.A., the economic development organization created after the 1992 riots that is supposed to cease operations next spring.
RLA leaders this week began reviewing applications to inherit the group’s estimated $200,000 in cash, databases and programs aimed at boosting retail and manufacturing businesses in low-income neighborhoods in Los Angeles. A choice is expected later this month and a takeover or merger might be completed by January, RLA officials said.
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