In most any city in the country, developments such as these would be cause for proud celebration, but they are especially welcome in a city that was headed toward bankruptcy after the Lakers and Kings left town in 1999 for Staples Center. For a city that tends to get dismissed as crime-ridden and gang-infested, the surge of economic opportunity is especially sweet. Our city budget, once mired in red in red ink, produced a $35-million surplus in fiscal 2018.

Source: Los Angeles Times May 17, 2019 10:06 UTC