Who Owns Half of Los Angeles? A Tale of Land and Money
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| Who Owns Half Of Los Angeles |
The Great LA Land Grab
So, you’ve heard the rumor, right? That one person, or maybe a shadowy corporation, owns a whopping half of Los Angeles. Well, let's dive into this rabbit hole of real estate, celebrity gossip, and just plain weirdness.
First off, let’s get one thing straight: no single person owns half of LA. It’s a city of millions, with property divided among countless individuals, corporations, and government entities. But there is a guy who comes pretty darn close. His name is Philip Anschutz, and he’s a billionaire who owns a chunk of LA that’s so big, it’s practically its own zip code.
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The Anschutz Empire
Through his company, Anschutz Entertainment Group (AEG), this enigmatic billionaire owns a staggering amount of LA real estate. We’re talking stadiums, theaters, hotels, and even parts of the LA Live complex. It’s like Monopoly, but with actual money and without the adorable little houses.
Tip: A slow skim is better than a rushed read.
Some people joke that Anschutz is planning a hostile takeover of LA, turning it into a giant amusement park where everyone pays rent to him. Okay, maybe not everyone, but it's a fun thought.
QuickTip: Stop to think as you go.
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Other Big Players
While Anschutz is the undisputed king of LA real estate, he's not alone. There are other major players, like the Walt Disney Company, which owns a big chunk of Disneyland and its surrounding area. And let's not forget about the Church of Scientology, which has a pretty significant presence in Hollywood.
Tip: Absorb, don’t just glance.
But here's the thing: while these entities own large swaths of LA, they still don't come close to owning half the city. So, where does that leave us? Well, it means we can all breathe a sigh of relief that LA isn’t about to become a private city. But it also means there’s still plenty of mystery and intrigue surrounding who owns what in this sprawling metropolis.
How to...
- How to become a real estate mogul like Anschutz? Start saving now, and maybe consider majoring in economics.
- How to avoid getting caught up in a real estate scam? Do your research, hire a reputable real estate agent, and don't be afraid to walk away from a deal.
- How to find affordable housing in LA? Consider living outside the city and commuting, or look for roommates to share the cost of rent.
- How to appreciate the diversity of LA property ownership? Take a walk around your neighborhood and observe the different types of buildings and businesses.
- How to enjoy LA without worrying about who owns it? Focus on the things that make LA great: the weather, the culture, the people.
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