The New Downtown

The "new downtown" (or "Bunker Hill," or "financial district") in Los Angeles is largely the product of the efforts of the city's Community Redevelopment Agency. Beginning in the 1960s this agency coordinated the investment of millions of dollars to develop a "new" downtown with a tall skyscraper profile that would contribute to Los Angeles' world city status. With its major office buildings and hotels, today the area is a focal point for international capital and international travellers.