Only a sap, it seems, would believe that you can pull money out of thin air.
But an interesting proposal is floating around L.A. that would, in effect, do just that -- and it might well work, raising meaningful sums for worthwhile aims such as affordable housing.
The basic idea is not too different from the city's move this month to sell 9 million square feet of unused "air rights" from over the Convention Center, easing the way for developers operating elsewhere… more