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YouTube star pays $100,000+ over asking for Glassell Park home; “Financing District” could raise millions for L.A. River revitalization

Today's Photo: Cactus and window reflections, Silver Lake | Kevin Kane

Today’s Photo: Cactus and window reflections, Silver Lake | Kevin Kane

MOrning Report

  • An estimated $50 million a year in property tax revenue could be raised to help revitalize the L.A. River through the creation of a “financing district” proposed by Councilman Mitch O’Farrell. But some critics say the measure could divert  property tax revenue from other city services and needs. Curbed L.A.

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2 comments

  1. Thank you to Kevin Kane and the Eastsider for that marvelous photograph.

  2. Wake up Latino’s Mitch O’ Farrell is up to no good with this “FINANCIAL DISTRICT “. I guess his first plan which he called ” infrastructure District” was to close to the truth. He will be rerouting our property taxes to pay for all high density buildings that have been causing our water pipes to burst all over the city. Our taxes will also pay for all the upgrade for the high density building needs to keep up with the new demands of our 80 year old infrastructure. Take for example in Elysian Valley which the majority of the house are single home and for the last 80 years the infrastructure was designed for just that single home. They are building huge out of scale developments which will put heavy demand on our single home infrastructure causing it to fail. When they get around to fix the water pipes they will add 3 to 4 times the size that a single resident home needs forcing Latino tax payers to pay all the upgrade for huge developments.

    Latino’s wake up! he will be running for re-election and he will need our vote to win.

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