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Cathay Bank

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Cathay Bank ( traditional Chinese : 國泰銀行 ; simplified Chinese : 国泰银行 ; pinyin : Guótài Yínháng ) is a Chinese American bank founded in 1962.

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63-648: Cathay is headquartered in Chinatown, Los Angeles , with a corporate center in nearby El Monte, California . It has branches in California , Massachusetts , New York , Texas , Washington , Illinois , New Jersey , Nevada , Maryland , and Hong Kong . It also has representative offices in Shanghai , Beijing and Taipei . Fung Chow Chan (Mar 1, 1909–Jan 29, 2001), emigrated from Guangdong to Los Angeles in 1933 to join his father's silk business and founded

126-517: A central plaza which faced the first church . The area passed to American control in 1847, and the small town grew to 11,000 by 1880, The business district was centered along Main Street between the Plaza and First Street. Land speculation increased in the 1880s, which saw the population of the city explode from 11,000 in 1880 to nearly 100,000 by 1896. Infrastructure enhancements and the laying of

189-803: A savings and loan were denied repeatedly by state regulators, so the group of investors he led instead applied for a commercial bank charter, receiving it on May 5, 1961 and Cathay Bank started operations in 1962, the first bank owned and operated primarily by Chinese-Americans to serve their community in Southern California. Chan's fellow founders were George T.M. Ching, Gerald T. Deal, Dr. Tin Y. Kwong, John R. MacFaden, Thomas Quon, and John F. Varela. Chan would also help found East West Bank in 1973, which received its charter on June 20, 1972. Chan hired Eugene Kinn Choy , an architect responsible for many prominent buildings in Chinatown, to design

252-541: A tourist attraction , throughout the 1930s, with the development of the "Central Plaza," a Hollywoodized version of Shanghai , containing names such as Bamboo Lane , Gin Ling Way and Chung King Road (named after the city of Chongqing in mainland China ). Chinatown was designed by Hollywood film set designers, and a "Chinese" movie prop was subsequently donated by film director Cecil B. DeMille to give Chinatown an exotic atmosphere. The Hop Sing Tong Society

315-522: A Spanish Franciscan missionary charged with exploring sites for Catholic missions in California , noted in 1769 that the region had "all the requisites for a large settlement". On September 4, 1781, Los Angeles was founded by a group of settlers who trekked north from present-day Mexico. Like most urban centers in the Spanish Empire , the town grew in a grid-like street pattern around

378-608: A bidding war with United Commercial Bank to acquire Great Eastern Bank . Cathay also acquired New Asia Bank in 2006. On March 31, 2006, Cathay announced plans to acquire a 20% stake in the First Bank, but the deal fell through because the companies failed to get approval from the Chinese government. On March 30, 2007, Cathay expanded into New Jersey when it completed its acquisition of United Heritage Bank . In 2007, Cathay Bank converted its Hong Kong Representative office into

441-601: A cost of $ 588-million. This new bridge replaced a 1932 viaduct of the same name which was demolished in 2016 due to a fact that it would collapse if there were a major earthquake, and alkali-silica reaction – colloquially known as “concrete cancer.” Pedestrian and bicycle access points link to other projects such as 12 acres of new park space below the viaduct. Shopping centers include FIGat7th , and The Bloc Los Angeles , an open-air shopping area. Others include Japanese Village Plaza in Little Tokyo , City National Plaza ,

504-500: A dense concentration of banks , department stores , and movie palaces that drew residents and visitors of all socioeconomic classes, but after the 1950s the area began to experience an economic decline. Still, it remained an important center for various activities—government business in the Civic Center, banking on Bunker Hill , and retail and entertainment, especially for Hispanic Angelenos and immigrants, on Broadway . Since

567-494: A dozen theater and movie palaces built before 1932. Department stores, most that had grown from local dry goods businesses, moved from Spring and Main streets around Temple and 1st , to much larger stores along Broadway, including The Broadway , Hamburger's, which became May Co. , Robinson's , Bullock's , Coulter's , Desmond's , Silverwoods , Harris & Frank , and the Fifth Street Store /Walker's, serving

630-657: A full-service branch. On January 21, 2015, Cathay General Bancorp, the holding company for Cathay Bank, and Asia Bancshares, the holding company for Asia Bank, N.A. , announced that they had entered into a definitive agreement for the merger of Asia Bancshares into Cathay. The result of the merger increased Cathay Bank's presence in New York as well as added Maryland to its list of service areas. On July 8, 2016, Cathay announced plans to acquire Far East National Bank . On May 26, 2021, Cathay entered into an agreement with HSBC Bank USA , N.A. to purchase HSBC's retail operations on

693-627: A loan production office in Houston, Texas , which was converted to a full-service branch in 2000. Expansion to New York occurred in 1999 with the acquisition of certain assets of Golden City Commercial Bank. The Cathay Bank Foundation was established in 2002 to create opportunities for affordable housing, community and economic development, and education. In 2003, branch offices were opened in Boston, Massachusetts , and Kent, Washington . Cathay merged with General Bank in 2003. In 2006, Cathay prevailed in

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756-465: A major bus terminal in downtown Los Angeles at the intersection of Seventh and Alameda streets. Los Angeles World Airports operates a direct shuttle, LAX FlyAway Bus, every 30–60 minutes between Union Station and Los Angeles International Airport . Downtown Los Angeles is home to several public parks, plazas, gardens and other open space: Several future park proposals for the district make use of public-private partnerships between developers and

819-629: A new building across the Harbor (110) Freeway . Commercial growth brought with it hotel construction—during this time period several grand hotels, the Alexandria (1906), the Rosslyn (1911), and the Biltmore (1923), were erected—and also the need for venues to entertain the growing population of Los Angeles. Broadway became the nightlife, shopping and entertainment district of the city, with over

882-407: A residential neighborhood with a low-income, aging population of about 7,800 residents. The original Chinatown developed in the late 19th century, and was demolished to make room for Union Station , the city's major ground-transportation center. This neighborhood and commercial center, referred to as "New Chinatown," opened for business in 1938. According to Community Redevelopment Agency of

945-602: A street grid eventually brought development south of the Plaza: Victorian Downtown Los Angeles in the 1800s and 1890s along Main, Spring and Broadway south to Third Street – all of which were razed to make way for today's Civic Center . After 1900, larger buildings were constructed along Broadway and Spring from Third to Ninth streets in what is now called the Historic Core . By 1920, the city's private and municipal rail lines were

1008-643: A variety of socioeconomic groups from across the city and suburbs. All but Coulter's would, in the 1920s–1950s, launch branches dotting shopping centers across a growing Southern California. Numerous specialty stores also flourished including those in the jewelry business which gave rise to the Downtown Jewelry District. Among these early jewelers included the Laykin Diamond Company (later becoming Laykin et Cie ) and Harry Winston & Co., both of which found their beginnings in

1071-480: A whole. The median household income in 2008 dollars was $ 15,003, considered low for both the city and the county. The percentage of households earning $ 20,000 or less (57.4%) was the highest in Los Angeles County, followed by University Park (56.6%) and Chinatown (53.6%). The average household size of 1.6 people was relatively low. Renters occupied 93.4% of the housing units, and home or apartment owners

1134-489: Is accessible from various parts of the Los Angeles Basin. The cultural life has also made the area attractive to young tech employees. Two Bit Circus is the only amusement park located in the area. Anschutz Entertainment Group has its corporate headquarters in downtown Los Angeles. BYD Company , a Chinese technology firm, has its North American headquarters in downtown Los Angeles. The Last Bookstore

1197-578: Is in the process of becoming an entirely new place. Chinatown at the height of popularity was filled with bustling Chinese restaurants that included barbecue delicatessens with glass displays of roast duck and suckling pig and Cantonese seafood restaurants with dim sum . As the action in Chinese cuisine became centered in the San Gabriel Valley, there were also places that offered Vietnamese pho noodle soup and banh mi . As downtown revives, Chinatown has been sparked into life by cheap rents,

1260-528: Is located in downtown Los Angeles. DTLA is a node in the tech economy that extends beyond Silicon Beach . A venture capital firm counted 78 tech-oriented firms in DTLA in 2015. This included mobile apps, hardware, digital media and clean-tech companies plus co-working spaces, start-up incubators, and other related businesses. The Arts District has become a popular spot for companies seeking out something different from typical modern offices. The central location

1323-599: Is situated in Central Plaza, as are several other Chinatown lodges and guilds. Near Broadway , Central Plaza contains a statue honoring Dr. Sun Yat-sen , the Chinese revolutionary leader who is considered the "founder of modern China". It was erected in the 1960s by the Chinese Consolidated Benevolent Association. A 7-foot tall statue of martial artist Bruce Lee was unveiled at Central Plaza on June 15, 2013. During

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1386-503: Is still in existence). The Italian American Museum of Los Angeles in the El Pueblo de Los Ángeles Historical Monument opened in 2016. In the 1930s, under the efforts of Chinese-American community leader Peter Soo Hoo Sr., the design and operational concepts for a New Chinatown evolved through a collective community process, resulting in a blend of Chinese and American architecture. The neighborhood saw major development, especially as

1449-599: Is the central business district of the city of Los Angeles . It is part of the Central Los Angeles region and covers a 5.84 sq mi (15.1 km ) area. As of 2020, it contains over 500,000 jobs and has a population of roughly 85,000 residents, with an estimated daytime population of over 200,000 people prior to the COVID-19 pandemic . Downtown Los Angeles is divided into neighborhoods and districts, some overlapping. Most districts are named for

1512-567: The Chinese American Museum • The Firecracker Run and Fun Walk • Mid-autumn Moon Festival • Miss Los Angeles Chinatown Pageant A midnight firecracker display occurs every Chinese New Year's Eve at Thien Hau Temple and Xuan Wu San Buddhist Association. According to U.S. Census data, 20.2% of Chinatown residents aged 25 and older possessed a four-year degree in 2023. There are three schools operating within Chinatown. They are: Los Angeles Public Library operates

1575-605: The Financial District , many historic office buildings have been left intact, which is simply used for storage or remaining empty during recent decades. In 1999, the Los Angeles City Council passed an adaptive reuse ordinance , making it easier for developers to convert outmoded, vacant office and commercial buildings into renovated lofts and luxury apartment and condo complexes. As of early 2009, 14,561 residential units have been created under

1638-547: The Historic Core neighborhood. Despite its relative decentralization and comparatively new high-rises (until 1958, the city did not permit any structures taller than the 27-story City Hall building ), Los Angeles has one of the largest skylines in the United States , and its development has continued in recent years. The skyline has seen rapid growth due to improvements in seismic design standards, which has made certain building types highly earthquake-resistant. Many of

1701-541: The Homer Laughlin Building , and the Los Angeles Mall . Downtown Los Angeles is flanked by Echo Park to the north and northwest, Chinatown to the northeast, Boyle Heights to the east, Vernon to the south, Historic South Central and University Park to the southwest, and Pico-Union and Westlake to the west. Downtown is bounded on the northeast by Cesar Chavez Avenue , on

1764-705: The Hotel Alexandria at Fifth and Spring streets. Following World War II , suburbanization , the development of the Los Angeles freeway network, and increased automobile ownership led to decreased investment downtown. Many corporate headquarters slowly dispersed to new suburbs or fell to mergers and acquisitions. As early as the 1920s once-stately Victorian mansions on Bunker Hill were dilapidated, serving as rooming houses for 20,000 working-class Angelenos. The Broadway theaters saw much use as Spanish-language movie houses during this time, beginning with

1827-646: The Spring Street Financial District . Sometimes referred to as the " Wall Street of the West ," the district held corporate headquarters for financial institutions including Bank of America , Farmers and Merchants Bank , the Crocker National Bank , California Bank & Trust, and International Savings & Exchange Bank. The Los Angeles Stock Exchange was also located on the corridor from 1929 until 1986 before moving into

1890-472: The 1980s, many buildings were constructed for new shopping centers and mini-malls, especially along Broadway. Metro Plaza Hotel was opened in the southwest corner of Chinatown in the early 1990s. A large Chinese gateway is found at the intersection of Broadway and Cesar Chavez Avenue , funded by the local Teochew -speaking population. In 1996, Academy Award-winning (for The Killing Fields in 1985) Cambodian refugee, physician and actor, Haing S. Ngor ,

1953-580: The Chinatown Branch. Chinatown is served by the A Line of the city's Metro Rail . The station was formerly serviced by the, now defunct, L Line ; parts of Old Chinatown were uncovered during excavation for another portion of the L.A. subway (the Red Line connection to Union Station). The Metro Rail station in Chinatown has been described as a spectacular pagoda-themed facility and as a cliché of neo-pagoda architecture by Christopher Hawthorne,

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2016-552: The City of Los Angeles (CRA/LA), borders of (the current) Chinatown neighborhood are: Chinatown can refer to one of three locations near downtown Los Angeles. What is now known as Old Chinatown refers to the original location on Alameda and Macy (1880s–1933). Old Chinatown was displaced by the construction of Union Station, and two competing Chinatowns were built in the late 1930s north of Old Chinatown to replace it: China City (1938–1948) and New Chinatown (1938–present). China City

2079-731: The DTLA area. It was not a "census" but rather a comprehensive survey of Downtown LA consumers. An additional study by the Downtown Center Business Improvement District showed that by 2017 the population reached 67,324. In early 2020 the population was estimated to have exceeded 80,000 at the end of 2019. Downtown Los Angeles is the center of the region's growing rail transit system, with six commuter lines operated by Metrolink , as well as six urban rail transit lines and local and regional bus service operated by Los Angeles County Metropolitan Transportation Authority (Metro). Major Metro stations in

2142-499: The Los Angeles Times architecture critic. Chinatown has served as the setting for many Hollywood films. The conclusion of the film Chinatown was filmed on Spring Street. The movie Rush Hour was filmed on location in Chinatown. 34°03′46″N 118°14′16″W  /  34.062888°N 118.23789°W  / 34.062888; -118.23789 Downtown Los Angeles Downtown Los Angeles ( DTLA )

2205-540: The Phoenix Bakery in Chinatown with his wife Wai Hing in 1938; the success of the bakery's strawberry cream cake, developed by his brother Lun, allowed him to be one of the first Asian Americans to integrate the Silver Lake neighborhood. However, he was denied a home loan because he was an immigrant, which spurred him to organize local community leaders and apply for a bank charter. Initial attempts to open

2268-665: The West Coast, including 10 branches in Washington and California. Under the agreement, Cathay will acquire approximately $ 1.0 billion in deposits and approximately $ 800 million in loans. Chinatown, Los Angeles Chinatown is a neighborhood in Downtown Los Angeles , California , that became a commercial center for Chinese and other Asian businesses in Central Los Angeles in 1938. The area includes restaurants, shops, and art galleries, but also has

2331-616: The activities concentrated there now or historically, such as the Arts , Fashion , Banking , Theater , Toy , and Jewelry Districts. It is the hub for the city's urban rail transit system , as well as the Pacific Surfliner and Metrolink commuter rail system covering greater Southern California . Also located in downtown is the Civic Center , the administrative core of the city government . Historically, downtown held

2394-429: The adaptive reuse ordinance, leading to an increase in the residential population. With 28,878 residents in 2006, 39,537 in 2008, and over 60,000 in 2017, downtown Los Angeles is seeing new life and investment. Multiple Olympic and Paralympic events will be held in DTLA during the 2028 Summer Olympics and Paralympics . After six years of construction, the new Sixth Street Viaduct opened on July 9, 2022 at

2457-1070: The affluent. This economic diversity encourages a diversity of places to serve the area. Two of Chinatown's restaurants highlight the history and diversity of this neighborhood. The words Los Angeles Chinatown are written and pronounced as follows as ( traditional Chinese : 洛杉磯唐人街 ; simplified Chinese : 洛杉矶唐人街 ; pinyin : Luòshānjī Tángrénjiē ; Cantonese Yale : Loksāamgēi Tòhngyàhngāai ) in Cantonese , ( traditional Chinese : 洛杉磯中國城 ; simplified Chinese : 洛杉矶中国城 ; pinyin : Luòshānjī Zhōngguóchéng ; Cantonese Yale : Loksāamgēi Jūnggwoksìhng ) in Mandarin Chinese or officially known as ( simplified Chinese : 洛杉矶华埠 ; traditional Chinese : 洛杉磯華埠 ; pinyin : Luòshānjī Huábù ; Cantonese Yale : Loksāamgēi Wàhfauh ). Events that have been held or are planned in Los Angeles's Chinatown include: • Chinese New Year Parade • Lantern festival at

2520-668: The building was under construction, L.A. City Council removed the flat roof ordinance as of 2015. The Los Angeles County Department of Health Services operates the Central Health Center in downtown Los Angeles. The Southern California Liaison of the California Department of Education has its office in the Ronald Reagan State Building in downtown Los Angeles. The Federal Reserve Bank of San Francisco, Los Angeles Branch

2583-590: The city of Los Angeles, including a public park at the proposed Nikkei Center development in Little Tokyo ; a 1-acre (4,000 m ) park at the Medallion development in the Historic Core; and a pocket park at the Wilshire Grand Hotel replacement project, currently under construction. Additionally, the city recently completed a new park located on the 400 block of South Spring Street in

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2646-567: The congestion they could bring to the streets, and height limit ordinances were a common way of dealing with the problem. In 1911, the city passed an updated height limit ordinance, establishing a specific limit of 150 feet (46 m). Exceptions were granted for decorative towers such as those later built on the Eastern Columbia Building and United Artists Theatre, as well as the now-demolished Richfield Tower . The pattern of buildings in Los Angeles to feature flat rooftops

2709-505: The conversion of the Million Dollar Theater in the 1950s to a Spanish-language theater. In the early 2000s, the neighborhood became popular with Artists and Creatives due to low rent, open loft space, and many vacancies. In mid-2013, downtown was noted as "a neighborhood with an increasingly hip and well-heeled residential population". Because of the downtown area's office market's migration west to Bunker Hill and

2772-568: The district include Union Station , Civic Center/Grand Park station , Pershing Square station , 7th Street/Metro Center station , Pico station , Little Tokyo/Arts District station , Historic Broadway station , and Grand Avenue Arts/Bunker Hill station . Amtrak operates intercity passenger train service on five routes through Los Angeles Union Station : the Coast Starlight , Pacific Surfliner , Southwest Chief , Sunset Limited , and Texas Eagle . Greyhound Lines operates

2835-772: The diverse character of Chinatown. Few boba cafes have opened in Chinatown, but a large number are to be found in the Chinese enclaves in the San Gabriel Valley . Dynasty Center, Saigon Plaza, and the Chinatown Phuoc Loc Tho Center feature many Vietnamese-style bazaars with people engaged in bargain shopping for items such as clothing, toys, Chinese-language CDs, pets, household items, funerary products, and so on. Its entrepreneurs are ethnic Chinese from Vietnam. There are over 20 art galleries to see, mostly featuring non-Chinese modern art, with works from up and coming artists in all types of media. Chinatown

2898-543: The early 2000s, downtown has experienced a renaissance of economic revitalization, including the Crypto.com Arena in downtown's south end, and the restoration and repurposing of historic buildings in the area. The Tongva village of Yaanga was located in what is now downtown Los Angeles, possibly near or underneath where the Bella Union Hotel was located (now Fletcher Bowron Square ). Father Juan Crespí ,

2961-519: The east by the Los Angeles River , on the south by the Los Angeles city line with Vernon, on the southwest by East Washington Boulevard and on the west by the 110 Freeway or Beaudry Avenue, including the entire Four Level Interchange with the 101 Freeway . The neighborhood includes these districts: The 2000 U.S. census found that just 27,849 residents lived in the 5.84 square miles of downtown—or 4,770 people per square mile, among

3024-595: The empty Cornfield area. The ethnic breakdown in 2010: Asian , 68.8%; Latino , 14.7%; blacks , 6.7%; whites , 8.7%; mixed race, 0.8%; and others, 2.3%. The median household income in 2010 dollars ($ 29,000), was the third-lowest in Los Angeles County , preceded by Watts ($ 28,200) and Downtown ($ 24,300). The percentage of households earning $ 20,000 or less (53.6%) was the third-largest in Los Angeles County, preceded by Downtown (57.4%) and University Park (56.6%). The average household size of 2.8 people

3087-526: The gallery boom in the 2000s and deep-rooted sense of community. Chinese bakeries and other shops continue to serve the area. Traditional Chinese restaurants that have remained are being joined by a variety of new restaurants as the opportunities Chinatown offers is recognized by additional restaurateurs. The area is better served by transit than many areas with Union Station so close by. Even though low-income seniors remain, college graduates can find their first apartment here and condos are becoming available for

3150-431: The lowest densities for the city of Los Angeles but about average for the county. The Southern California Association of Governments estimates that downtown's daytime population is 207,440. The population increased to 34,811 by 2008, according to city estimates. By the end of 2019, the population of the district had grown to 85,000 residents, and 7,956 residential units were under construction. The median age for residents

3213-581: The market rate apartments and condominiums. Since 2019, the neighborhood has lacked a centrally located grocery store with a large selection, affordable prices and consistently high quality that opens early and closes late. The 2020 U.S. census counted 7,798 residents. The 2010 U.S. census counted 20,913 residents in the 0.91-square-mile Chinatown neighborhood, excluding the population of the Los Angeles County Jail complex. That made an average of 9,650 people per square mile, which included

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3276-456: The most far-flung and most comprehensive in the world in mileage, even besting that of New York City . By this time, a steady influx of residents and aggressive land developers had transformed the city into a large metropolitan area, with DTLA at its center. Rail lines connected four counties with over 1,100 miles (1,800 km) of track. During the early part of the 20th century, banking institutions clustered around South Spring Street, forming

3339-548: The new bank's headquarters, which opened in 1966 at 777 N Broadway. The International Modern building incorporates the cultural heritage of its founders in the shape of the roof and the four Chinese characters running down the facade. In 1979 it opened its first branch office in Monterey Park . Its first overseas representative office in Hong Kong was opened in 1985. In 1999, Cathay expanded beyond California by opening

3402-475: The new skyscrapers contain a housing or hotel component. Some current and upcoming examples of skyscraper construction include: The first height limit ordinance in Los Angeles was enacted following the completion of the 13-story Continental Building , located at the southeast corner of Fourth and Spring streets. The purpose of the height limit was to limit the density of the city. There was great hostility to skyscrapers in many cities in these years, mainly due to

3465-418: The rest. In 2000, there were 2,400 military veterans living downtown, or 9.7% of the population, considered a high rate for the city but average for the county overall. In 2010, census data concluded that 40,227 people lived in downtown Los Angeles. In 2013, a study by Downtown Center Business Improvement District showed that of the 52,400 people resided in downtown Los Angeles, the demographic breakdown

3528-401: The second–most diverse neighborhood in Los Angeles, its diversity index being 0.743, outrated only by Mid-Wilshire . The ethnic breakdown in 2000 was Latinos , 36.7%; blacks , 22.3%; Asians , 21.3%; whites , 16.2%, and others, 3.5%. Mexico (44.7%) and Korea (17%) were the most common places of birth for the 41.9% of the residents who were born abroad, about the same ratio as in the city as

3591-400: Was 39, considered old for the city and the county . Downtown Los Angeles is almost evenly balanced among the four major racial and ethnic groups— Asian Americans (23%), African Americans (22%), Latinos (25%) and non-Hispanic whites (26%)—according to an analysis of 2010 census data made by Loyola Marymount University researchers. A study of the 2000 census showed that downtown was

3654-432: Was 52.7% Caucasian, 20.1% Asian, 17.0% Latino, and 6.2% African-American; 52.9% female, 47.1% male; and 74.8% of residents were between the ages of 23–44. The median age for residents was 34. The median household income was $ 98,700. The median household size was 1.8. In terms of educational attainment, 80.1% of residents had completed at least 4 years of college. The study was a self-selecting sample of 8,841 respondents across

3717-636: Was held with the L.A. Chinatown 70th Anniversary Party. "Though lacking the hustle and bustle of San Francisco 's Chinatown , Los Angeles' version has charms of its own." The 2010s and 2020s have seen the completion of several large mixed-use and multifamily residential buildings like other neighborhoods in and around Downtown Los Angeles. Activists and city council members were concerned about rising rents and displacement of long time residents, many of them low-income as these revitalization projects were approved. City officials and housing activists have debated how much affordable housing should be included amidst

3780-572: Was just about the city norm. Renters occupied 91% of the housing units, and home- or apartment owners the rest. Small, specialized grocery stores are important to the aging population but few remain as gentrification impacts the neighborhood. The Chinese-Vietnamese residents own many bazaars. The stores sell products such as soap, toys, clothes, music CDs at low prices. Several restaurants in Chinatown serve mainly Cantonese cuisine but there are also various Asian cuisine restaurants such as Teochew Chinese, Vietnamese, Indonesian, and Thai, which reflects

3843-526: Was rebuilt just one year after opening due to a suspicious fire, but another fire in 1948 put it out of business for good. China City was a short-lived China-themed district developed by Christine Sterling in 1938. The neighborhood that has become Chinatown was formerly Sonoratown and then Little Italy . In the early 20th century, Italian immigrants settled in the area north of the Old Plaza . Many built businesses, including wineries ( San Antonio Winery

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3906-537: Was shot and killed in the Chinatown residential area in a bungled robbery attempt by members of an Asian gang. By 2000 many people had left the Chinatown for the City of Monterey Park , which is a part of the larger Chinese community in the San Gabriel Valley . In 2000 AsianWeek said that the Los Angeles Chinatown was "troubled." On June 28, 2008, a celebration of the 1938 founding of New Chinatown

3969-556: Was the result of a 1974 fire ordinance which required all tall buildings in the city to include rooftop helipads in response to the devastating 1974 Joelma Fire in Sao Paulo, Brazil , in which helicopters were used to effect rescues from the flat rooftop of the building. The Wilshire Grand Center was the first building granted an exception by the Los Angeles City Fire Department in 2014. However, as

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