Trading places A few weeks ago, I checked out the latest monument to Los Angeles' newfound urbanity: the Getty Oil Building at the intersection of Wilshire and Western. The 23-story Modernist structure, designed by Claude Beelman and built in the early 1960s, has been converted into condominiums. Across the street is the Wiltern Theater, and Koreatown stores and restaurants are a block or two away. A Red Line station catty-corner to the Getty building gives a condo resident access to Universal City, Hollywood and downtown. The building, rechristened "The Mercury" by its developer, represents the epitome of car-free urban living.

If you can afford it. The condos cost about $700 a square foot, meaning a nice two-bedroom condo -- with windows on two sides and great views -- runs about $1 million.

A few evenings later, I found myself in the cramped living room of a single-family home in a suburb of Ventura, one of about 180 houses built a decade ago for buyers with annual incomes of about $50,000. Because the original development was federally subsidized, the homeowners can sell their house only at a restricted sales price of $300,000 to $400,000, which is 20% to 40% below the market price.

The cap on the selling price, the homeowners told me, has brought some changes to their neighborhood. It allows the working poor to afford these houses by teaming up to buy them. Realtors say four, five, even six people are listed on mortgage titles to qualify for financing. Seven, eight, nine cars are parked in the driveways and on the streets in front of the houses.

What's going on here? For a century, people in Southern California moved to the suburbs as they got richer, leaving the more "urban" parts of town to poor people. Now that pattern has reversed itself. Affluent people are leaving the suburbs to live in the city, while the working poor -- people who have jobs but don't earn enough to exceed the poverty line -- are doubling and tripling up in the suburbs to buy houses.

The migration of the affluent to the inner city has gradually increased in the last three years. According to a study by the Downtown Center Business Improvement District, the household median income of downtown residents with a least one earner was about $99,600 a year in 2006, roughly $28,000 higher than that of Beverly Hills. Nearly half of those surveyed reported annual income of $100,000 to above $250,000.

THE STATE
Will gridlocked L.A. heed this toll call?
While Orange County officials have built a network of toll roads to address growing traffic, L.A. officials have invested much more heavily in rail and bus service.
By Rong-Gong Lin II and Steve Hymon, Times Staff Writers
June 29, 2007

The land of the freeway is poised to become a little less free.

Los Angeles County transit leaders on Thursday agreed to develop plans for toll roads within the next three years, after decades of opposition to the concept of motorists paying tolls to use the roads.

The decision by the Metropolitan Transportation Authority board comes amid criticism that Los Angeles has not joined other metropolitan areas around the nation in experimenting with "congestion pricing," in which motorists pay to use less crowded lanes.

Last month, L.A. County lost out on a major federal grant because it did not have any congestion pricing in the works.

Peddling Smart Growth
Call your project "smart" - even when it isn't - and get millions in public funds.

By David Zahniser
Wednesday, May 30, 2007
Santa Monica real estate developer Dan Palmer faced a daunting task three years ago when he announced plans to build 5,800 homes in the Newhall Pass, a mountainous stretch that connects the northeast edge of the San Fernando Valley with the Santa Clarita Valley. After all, the project was certain to draw the ire of homeowner groups, open-space advocates and the city of Santa Clarita.

Hollywood plots freeway coverup

In a town built on make-believe, Hollywood leaders are hoping to pull off the greatest feat yet: creating a public park out of thin air.  Civic and business organizers want to turn a half-mile portion of the Hollywood Freeway into a tunnel and construct a 24-acre greenbelt swath from Bronson Avenue to Wilton Place on top.
Those proposing what they call Hollywood Central Park will reveal preliminary details tonight when leaders of the Hollywood Chamber of Commerce and the Los Angeles Community Redevelopment Agency meet with local business executives in an effort to raise $120,000 for a project feasibility study.
When the study is completed, local leaders say, they will be able to seek federal funding for the estimated $209 million that the freeway retrofit and park construction could cost.Backers say other densely populated U.S. cities have undertaken similar projects to carve out hard-to-find recreation space.