Overview
- Contractors conducted a test run and began power-washing graffiti on the towers on July 22–23 as crews evaluated how much could be removed in a day.
- The U.S. Bankruptcy Court confirmed a liquidation plan that clears the roughly $470–$517 million sale to KPC Square and moves the deal toward a court-set closing timeline.
- City officials conditioned the transfer on immediate abatement, Mayor Karen Bass set a roughly three-month remediation goal, and KPC says full cleanup will take less than 90 days with contractors chosen within about two weeks.
- Site security has been tightened with 24-hour private guards, tall fencing topped with razor wire, cameras and support from a neighborhood-watch group to prevent new tagging during cleanup.
- The three-tower project is about 60% complete after roughly $1.2 billion was spent and will need an estimated $800–$850 million more to finish, creating permitting and financing hurdles before full redevelopment can resume.