Resolution criteria

Each answer resolves based on official announcements and/or major media reporting.

Each answer should specify it's own end date.

Background

• Oceanwide Plaza is a three-tower, ~2M sq ft mixed-use project across from Crypto.com Arena; construction halted in 2019 amid China Oceanwide’s financial distress. An involuntary Chapter 11 case was filed on Feb 13, 2024 (2:24-bk-11057). (en.wikipedia.org, bkalerts.com)

• The site became internationally visible after mass graffiti coverage in early 2024; LA City Council authorized ~$3.8M for fencing/security/graffiti response, but cleanup has remained incomplete as of March–August 2025. (ktla.com, abc7.com)

• Creditor priority litigation in 2025 put LA Downtown Investment (EB‑5 lender) first in line ahead of contractors, shaping sale proceeds; a stalking-horse bid fell through in July 2024. (bisnow.com, therealdeal.com)

Considerations

• Bankruptcy court control means any sale, receivership, or major action will likely appear on the Chapter 11 docket before or alongside press coverage. (bkalerts.com)

• Appraisals and expert commentary suggest high completion costs and nontrivial demolition costs, affecting the probability of “finish vs. raze.” (therealdeal.com)

• With the 2028 Olympics approaching, timing pressures may influence city posture and buyer interest but won’t affect resolution absent verifiable actions above. (commercialobserver.com)