360 South Bay

At the former Los Angeles Air Force Base, homes were cleared for takeoff. Jake Rome

 

Jake Rome writes from Southern California:

Trekked out to the old Los Angeles Air Force Base to witness first-hand the deterioration that's taken place since the Great Recession forced the 360 South Bay developers to abandon their once-hopeful housing development.

The website for the project, 360 South Bay, says, "Happiness, prosperity and sunshine are a part of everyday life when you call Los Angeles and Ventura home." It also notes that at 360 South Bay, sales are "temporarily unavailable."

This one went bad right from the start. "There were essentially no sales when we had our grand opening in October of 2007," the developer wrote in a proposal to turn some of what had been built into apartments. The developer withdrew the proposal.

categories: Half-Built America

4:33 - June 8, 2009

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