Reshaping L.A. downtown

Revitalizing the center of L.A.

Philip Anschutz (short bio), the most invisible billionaire and the 18th richest person in America (according to Forbes), plans one of the largest projects ever proposed for Los Angeles: a massive $1 billion hotel, entertainment and residential district for downtown L.A., with a towering 55-story hotel-condominium complex dominating the area around Staples Center.