Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Rebuilding Rebuild L.A.

In Business This Week


Mission Impossible? Could be the case. Arco Chairman Lodwrick Cook will

try to revitalize a badly bruised Los Angeles economy--and, too, a battered RLA, formerly known as Rebuild L.A. As RLA's new voluntary chairman, he heads a highly visible organization that so far has not met its original mandate, set out in the wake of the 1992 riots: enticing business to build and create jobs in the inner city.

Initially led by former baseball Commissioner Peter Ueberroth, who quit after one year, RLA has been plagued by cumbersome bureaucracy, an unwieldy board--Cook will replace four co-chairs--and hostile press. The result: Although businesses pledged $585 million for new development, only about $200 million has been spent so far.

"The expectations were too high," admits Cook. Now, he says, RLA will focus on nurturing small businesses. Cook brings impressive business connections. Former L.A. Deputy Mayor Linda Griego, recruited as RLA's paid chief executive, has the political savvy. Their problem: stiff competition for funds from appeals to rebuild local roads and buildings following the Jan. 17 earthquake.EDITED BY KEITH H. HAMMONDS Ronald Grover

blog comments powered by Disqus