Oceanwide update, Bel Air subway drama, Angel Stadium shenanigans, and more

Oceanwide battles to hang on to LA megaproject "...financial filings from August indicated it would cost a total of $2.3 billion to complete the L.A. project, not to mention the need for a new contractor on the long-stalled development, which has been hamstrung by $200 million in mechanics liens. Oceanwide claims construction of the main structure is finished, along with 85 percent of all electrical work on the tower. Around 60 percent of the interiors of the other two towers have also been completed." (TRD)

Bel Air Down There: L.A.’s Wealthiest Try, Once Again, to Fight a Subway Tunnel "Yes, Metro’s subway option would require tunneling below Bel Air. But these people live on a literal mountain range, making it unlikely that residents would ever see, feel, or hear what’s happening underground. They would also be paid on the off chance that tunneling would occur on their turf, approximately 100 feet below their infinity pools. As for the possibility of any air vents (Bel or otherwise) being installed on the area’s streets — which are, despite the wrought-iron gates keeping people out, still property of the city — grates aren’t even part of the proposal for the neighborhood." (Curbed)

Hundreds of tents that lined Venice Beach are gone, but residents say job is far from done "Rather than accept the shelter that was offered, dozens of people simply slipped away, taking up residence in alleys near the beach, joining encampments that already existed and starting a new one on the median of Venice Boulevard." (LA Times)

A controversial home-ownership model is gaining steam again in L.A. — with a twist "At TIC developments, rather than own an individual unit on a lot like a condominium, residents own a share of the overall lot and have exclusive rights to live in their unit, with homeowners association dues covering the property’s upkeep. They are similar to New York City co-ops and came to L.A. from San Francisco, where they had been budding for decades. " (LA Times)

On Angel Stadium deal breaking affordable housing law, Anaheim tells state officials they’re wrong "The city’s response to the Department of Housing and Community Development didn’t offer any remedy for the violation or say whether Anaheim officials plan to pay a possible fine of as much as $96 million." (OC Register)

Temporary bus and rail service adjustments begin Sunday, Feb. 20 (The Source)

No breaks, disrespectful riders: LA Metro bus drivers are quitting "New bus operators get a starting wage of $19 per hour — that’s a temporary pilot program that’s increasing the wage from $17.75. But minimum wage in Los Angeles is about to bump up to $16 an hour. So $19 doesn’t look as high." (KCRW)

Some Questions About Metro’s Proposed North Hollywood Station Development Specifically - what's up with the affordable housing, walking/cycling infrastructure, and the amount of parking? (Streetsblog LA)

Riverside Drive near Griffith Park will lose a car lane, but gain bike lanes "The road diet or lane reduction is intended to make room for the bike lanes and calm traffic on a half-mile of Riverside between Glendale and Los Feliz boulevards. It’s a stretch that runs by large apartment buildings, Friendship Auditorium, tennis courts and two homeless shelters." (The Eastsider)