Weighing Plans for a Koreatown Museum

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A proposal for a non-profit to build a Korean American Museum near Wilshire Boulevard and Vermont Avenue may raise questions about how non-profits use city property. That’s because the group also wants to build a $20 million market-rate apartment complex on the lot, which it is renting from the city for $1 a year, the Los Angeles Daily News reports. A developer estimates the property could be worth about $4 million, yet the city would get no money from the deal.

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