Concerns over the city’s real estate development capabilities took center stage during the Los Angeles Budget and Finance Committee meeting on September 16, 2025. A committee member expressed frustration over the lack of specialized expertise within the city’s departments, particularly regarding the LA 28 project, which is crucial for the city’s future.

The member highlighted that the city has not built a robust in-house real estate development practice, leaving them reliant on external consultants who have not provided adequate guidance. “We are being asked… to trust that you are saying the right thing,” the member stated, emphasizing the uncertainty surrounding the project’s feasibility and timeline.

The discussion underscored a broader concern about the city’s ability to meet its commitments, with fears that the current state of the departments could jeopardize the LA 28 agreement. The member pointed out that without real estate expertise, the city risks making uninformed decisions that could lead to delays and complications.

As the meeting progressed, the member called for a realistic assessment of the city’s capabilities, urging for a more informed approach to ensure the project’s success. The implications of this discussion are significant, as the city navigates its responsibilities and commitments in the face of mounting challenges. The committee is expected to consider recommendations to address these concerns in future meetings.