Millennium Partners Scraps $1B Plan for Towers in Hollywood
Briefly

Millennium Partners withdrew plans for Hollywood Center project near Capitol Records Building due to active earthquake faults. The 4-building project included the tallest towers in Hollywood, housing units, and affordable housing.
California Geological Survey found active earthquake faults beneath the development site, raising safety concerns. Millennium Partners' consultants claimed the faults didn't extend under. Legal issues arose from a missing mention of seismic risks in the environmental impact report.
Read at therealdeal.com
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