08-29-11

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LOS ANGELES

DOWNTOWN

NEWS

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A Little Tokyo robber is arrested, and other happenings Around Town. The city’s birthday is coming. So what would you get for Los Angeles?

W W W. D O W N T O W N N E W S . C O M

August 29, 2011

Volume 40, Number 35

INSIDE

Rock out in Downtown

Big Numbers and Bigger Dollars Demographics Study Shines Light on Downtown Population and Its Spending Power

Urban Scrawl on Signs of the Times.

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Olvera tenants receive rent discounts.

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Another big South Park hotel project.

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photo by Gary Leonard

A demographic study released last week found that the median household income in Downtown is $86,300. It is more than $30,000 higher than the median household income in Los Angeles County. by Jon Regardie executive editor

Get all the latest Health news.

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Even more restaurants come Downtown.

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15 CALENDAR LISTINGS 16 MAP 17 CLASSIFIEDS

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hile there may be no such thing as an average Downtown resident circa 2011, the collective base of people living in the community have some pretty clear characteristics: They are affluent, though maybe not as rich as they were a few years ago. They tend to have jobs. They frequently drive alone to

work. And they really want Trader Joe’s to open in Downtown Los Angeles. Those are some of the findings that were unveiled last week in a study of the people who live, work in or visit the community. The Downtown Los Angeles Demographic Study 2011, compiled by the Downtown Center Business Improvement District (Los Angeles Downtown News was a partner in the study), found that, in many

regards, the community is largely similar to the neighborhood three years ago. The DCBID’s previous survey covered Downtown in 2008. “Our population is young, well-educated and affluent,” said Carol Schatz, president and CEO of the DCBID, at the study’s roll-out on Tuesday, Aug. 23, at the FIGat7th shopping center. The report is based on 11,323 surveys conducted see Demographics, page 8

City Pays Premium for Maguire Gardens Financial District Haven Costs Significantly More to Maintain Than Larger Downtown Parks by Ryan Vaillancourt staff writer

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he gentle trickle of seven different water fountains helps make Maguire Gardens, the 2.3-acre park at the west entrance to the Central Library, a calming oasis in the heart of the concrete-laden Financial District. Those seven fountains stand out for another reason — they contribute to making the park more expensive for the cash-strapped

city than other, larger Downtown parks, including one that is five times its size. Since 1993, the city has paid property giant MPG Office Trust, which owns the site, to maintain it. This month, the City Council nixed a renewal of the contract. The move came after Ninth District Councilwoman Jan Perry expressed unease about a clause that called for an automatic increase in the amount the city would pay each year. see Park, page 6

photo by Gary Leonard

The maintenance tab for Maguire Gardens in 2010 was $246,737. The cost is far higher than other local parks, including Vista Hermosa, which is almost five times larger.

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Gainful Employment information can be found at: http://www.lac.edu/wpcontent/uploads/2011/06/GE-Disclosures.pdf.

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