In downtown Los Angeles, the once-prominent $1 billion development by China-based China Oceanwide has become a canvas for graffiti, reflecting the stalled construction that has plagued the project for years.
The multi-tower development, now a visible eyesore in America’s second-largest city, has faced setbacks, with construction grinding to a halt due to financial constraints. Last year, the developer faced accusations of failing to pay on-site security personnel, adding to the challenges surrounding the project.
China Oceanwide attributed the cessation of construction to a depletion of funds, leaving the ambitious development in limbo. Recent reports reveal that the unfinished project has been marred by graffiti on multiple floors, further tarnishing its image in the heart of downtown Los Angeles.
The development was envisioned as a significant addition to the cityscape, but its current state raises concerns about the future timeline for completion.