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Developer asks city for another loan, of $19.2 million

May 20, 2010 3:00:00 AM - latimes.com
CIM Group says it needs more money to complete Midtown Crossing, a long-delayed shopping center anchored by Lowe's. The loan would be repaid from various taxes generated by the project.

Stung by the recession, one of the most prominent developers in Los Angeles is turning to the city for an additional $19.2 million to bring a long-delayed Lowe's Home Improvement store to Mid-City.

USA, California: (Latest Stories)