Image of 1st Street in little Tokyo

Ong on the Little Tokyo Community Impact Fund

Paul Ong, director of the Center for Neighborhood Knowledge, spoke to KCRW’s Greater L.A. podcast about community mobilization against gentrification in Little Tokyo. Local residents and business owners organized the Little Tokyo Community Impact Fund to raise $2 million to collectively buy a building in Little Tokyo and rent it out below market value to selected tenants. Ong, a UCLA Luskin research professor, said the group has the credibility to make it happen but asked, “Will they be able to get enough investors?” He commented, “In many ways, you have to factor in things that normal businesses would not think about. That is, what is the cultural value, for example, of these businesses? What do they represent symbolically?”


 

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