A River Runs Through Los Angeles
A $1 billion plan to revive the city’s river is driving development
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Ben Stapleton has a vision for the junkyard he’s trying to sell for $3.5 million. The real estate sales executive sees artist studios, retail shops, and apartments with views south to the skyline of Los Angeles, steps from a riverfront oasis. It’s all part of a plan, he says, to reinvent the Los Angeles River corridor and bring in money.
“The private money is already moving,” says Stapleton, a vice president at commercial real estate brokerage Jones Lang LaSalle. “It’s the private money that’s going to make the vision happen.”