The L.A. City Council approved nearly $4 million in city funds on Friday for the unfinished #OceanwidePlaza towers in downtown that have been in the spotlight since photos of its graffitied exterior went viral weeks ago. Just days ago, a parachuter was videotaped jumping off from the top of one of the skyscrapers.
The motion was authored by Councilman Kevin de León, whose Council District 14 covers the area where the buildings are located.
It allots the money for graffiti removal and security of the three towers near the Crypto.com Arena. It hopes to recoup the funds from the developer, Chinese firm Oceanwide Holdings Co. Ltd. Construction.
$1.1 million of the city’s funds will go to fence off the property, while $2.7 million will fund security and removal of the graffiti tagging on about 30 floors of the towers. The council also directed the city attorney to find a legal avenue to recoup the money from Oceanwide. #watchthis #foxla #ktla5news #downtownla #losangeles #abc7la #abc7ny #complexnews #vicenews #dailymail #dailynews #nypost #newyorkpost