L.A. City Council approves plan for new $1 billion Watts development

Los Angeles city officials have voted to revitalize a notorious Watts housing project with shops, town homes, and green spaces. The City Council voted unanimously to approve a series of land use and planning laws that took four years to draft. The laws clear the way for a $1 billion transformation of one of Los Angeles’ most poverty-stricken and violence-ridden areas. It will include 1,400 new apartments, chain stores and other amenities to attract higher income residents to the area. Funding still needs to be secured, however.

(http://losangeles.cbslocal.com/2013/08/14/la-approves-1b-watts-revitalization-project/)