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It’s been 20 weeks since Los Angeles experienced the most catastrophic wildfire in its history.
Starting January 7, a series of wildfires burned through Southern California destroying more than 55,000 acres and 16,000 structures, and killing at least 29 people. According to the Los Angeles County Economic Development Corp, around 1,900 businesses within the fire zones were destroyed or damaged, adding to a total economic loss that may reach $53 billion when all is said and done.
Months into the rebuilding process, L.A.’s heavily-hit retail community has been patiently waiting to see how stakeholders proceed. On Wednesday, Rick Caruso, the longtime elected official turned real estate developer, held a news conference in the hard-hit Pacific Palisades to unveil the company’s plan.
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English (US) ·