LOS ANGELES-”Where is L.A. Headed?” was one of the key topics yesterday as ULI’s Los Angeles Chapter held its seventh annual Urban Marketplace conference at the Downtown Convention Center. That question is at the crux of what makes the area tic, because everyone is seemingly always heading somewhere, causing major traffic issues.

While that panel focused on how, even in a changing market, investors and developers who proceed with feasible projects can create additional housing, jobs, retail space and biomedical activities in many parts of Los Angeles, debate quickly got back to traffic. One speaker during the day’s events offered a solution.

“We need to utilize public-private funding,” said Roger Moliere, chief of the real property management and development department for MTA of Los Angeles County.”This kind of funding [can be] used as employment and residential benefits…As far as private funding goes, lots of communities are willing to tax themselves for transportation. They don’t want to drive 45 minutes anymore and then fight for a spot once they get Downtown.”

Moliere highlighted some of the transit-oriented-development projects that MTA is supporting along its Metro Red Line stops at Hollywood and Vine, Wilshire and Vermont, and Wilshire and Western.

Moliere also noted how projects such as L.A. Live have the ability to produce “massive employment programs” that will not only create more jobs for neighborhood residents, but also “manage parking better.”

The conference kicked off with opening remarks from Los Angeles Councilwoman Jan Perry. Other roundtables included “Revitalizing Our Streets,” “Workforce Housing,” “Equity Financing,” “Retail Commercial Urban Development,” “What’s Up – Downtown?,” “Office/Industrial” and “Affordable Housing.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.