Council Delays Vote on Bonds for Development
After hearing more than an hour of opposition speakers, the Los Angeles City Council postponed a decision Wednesday on a proposal to allow the controversial Playa Vista developers to receive $70 million in state bonds.
City Councilwoman Ruth Galanter, who has supported the development in her district, said she is negotiating with the developers to include more housing for low- and moderate-income residents. Further, she said she wanted city officials to provide more information for her council colleagues so the decision was delayed until Friday.
Under the proposal, the city’s housing department would apply for a state program that would issue $70 million in bonds for the construction, acquisition and other financing costs for the Playa Vista Apartments.
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