Grand Avenue developer seeks 2-year delay

Related Cos. said this week that it plans to request a two-year extension of its current February 2011 deadline to begin construction on the big Grand Avenue Project, citing the economy. "There is no chance of financing a significant project in the near term," Related's Bill Witte said. With the extension, groundbreaking would not occur until 2013, six years after work was originally supposed to begin, says the LAT.