1. Thursday, July 23, 2015

    why westwood is screwed 

    westwood back in the day

    in order to rest my arms and wrists i only ubered once yesterday, but it was a good one.

    picked up this real estate guy in beverly hills and we drove to hollywood and talked LA real estate, specifically westwood nearly all the way.

    he lives in westwood so he had a personal stake in my question which was: how on Earth could somewhere like the Westwood Village be surrounded by so much affluence and yet struggle in the commercial district?

    he said it has been a perfect storm of two things

    there was a driveby shooting infront of a dance club 25 years ago and the neighbors overreacted and imposed all these rules on businesses in westwood that disallowed live music, pool tables, dancing, and pretty much anything that would attract

    a certain element

    from coming into the village and repeating the thing that happened a generation ago.

    the other thing was he said one family owns 90 percent of the commercial real estate up and down westwood blvd in the village. and that family does not care one bit if there are vacancies. it’s all a tax write off and meanwhile they can charge exorbitant rents and some will pay but others will say forget it and go somewhere else.

    he also said that todays UCLA student studies waaaay more than the students in the 80s and therefore they dont care that theres no dance clubs or bars or anything other than Pho, Diddy Reese, and In n Out. they made it into their top school and theyre gonna graduate in four years.

    and those greek kids who Do like to party will just take an Uber to Hollywood and dance over there.

    thus Westwood is screwed, probably forever, and will never return as the center of fun in LA for young people.

    the end.