New plans for Downtown Los Angeles and Hollywood that were decades in the making were approved earlier this month, bringing much-needed clarity for civic leaders, but industry leaders say the plans leave many of LA’s real estate problems unresolved. 
The plans pave the way for Downtown to add 175,000 new residents and 100,000 new housing units over the next two decades, about 20% of the household growth forecast for the entire city. In Hollywood, the plan would allow the neighborhood to add another 35,000 units to its stock over the same period.