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Frustration IN TRANSITION
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HOLDING PATTERN:
LAX's six-year-old Manchester Square home buyout program proves
chaotic for officials and tenants.
y By Ian Gregor
Six years after it began, little is going as planned with Los
Angeles International Airport's purchase of a residential
neighborhood east of the airfield.
The cost of the massive buyout has exploded 50 percent above
original estimates, to nearly $500 million. The airport never
intended to get into the property management business, but finds
itself acting as a landlord that's struggling to relocate 1,000
people whose homes it has acquired. It is owed nearly $1 ...
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