LA councilwoman criticizes vacant properties

A Los Angeles councilwoman is urging City Hall to better utilize the city's extensive property holdings, which include approximately 7,500 properties that are often vacant or underused. She advocates for creating a development agency to identify potential sites for housing, commercial projects, or revenue generation, similar to New York City's approach. The city has struggled to efficiently manage and sell these assets, with limited progress on previous proposals, amid concerns over long-term fiscal health.

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