Long View Investing

sixth-street-bridge-farewell-fireworksA firework display is an apt symbol for successful long view investing. The 6th Street Bridge, connecting Boyle Heights to the Arts District Downtown, celebrated its long life this weekend, and its imminent demise. In its place, a $420,000,000 world-class bridge will be constructed to attract tourists and locals alike, bringing a new symbolic and physical connection between one of the city’s fastest developing locations and its poorest.

What does this mean for investment properties in Boyle Heights, especially near the bridge? First of all, it means one of the most immediate means of transportation to Downtown will be out of commission for the next four years. However, once the new bridge is completed, those investors who bought in early will see a brand new light shining on a once ignored neighborhood.

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