It's a scary thought to think that LA Councilwoman, Jan Perry, a black woman (who has been in trouble for non payment of her own property taxes) whose district is in South Central LA, is heading the Grand Avenue Authority! Her latest claim to fame is trying to ban fast food restaurants in her ghetto neighborhood...because her constituents are too "obese". They are spending our money like drunken sailors.
Eli Broad's luxury Grand Avenue project is now half-owned by Dubai

By TIBBY ROTHMAN
Wednesday, April 9, 2008 - 5:00 pm

WHAT BECOMES A ROYAL FAMILY MOST? Could it be the $95 million in subsidies from Los Angeles taxpayers — the windfall bequeathed to the Dubai royal family, whose co-ownership of the behemoth Grand Avenue development was approved by Los Angeles politicians last month?

A little-known group, the so-called Grand Avenue Authority, whose members are County Supervisor Gloria Molina, City Councilwoman Jan Perry, County Executive Officer William T. Fujioka and Community Redevelopment Agency boss Cecilia V. Estolano, agreed to transfer 45 percent ownership in Grand Avenue to Istithmar, a vast investment fund controlled by the royal family of Dubai. The project’s original private developer, New York–based Related Companies, will retain 55 percent, and the much-delayed project is expected to break ground anytime.

[color=red][b]Out of the picture is the huge public investor CalPERS, representing more than 1.5 million California government workers, which backed out, citing its discomfort with “overexposureâ€