Neal Broverman at CurbedLA breaks it down:

Oh, you’re a fickle one, Los Angeles magazine. It was just last June that you featured Downtown as your cover model, proclaiming: “The City Has a Booming Center Again.” Seven months later, that renaissance-in-progress is now imperiled by the economy, writes Mark Lacter in the latest issue of Los Angeles. Lacter writes that “development has hit a wall” and once LA Live is done, “construction cranes will be a rare sight for at least several years.”

Let’s get this straight: Los Angeles Magazine is prone to short-sighted, dramatic and hyperbolic statements that end up being far from reality?

How very LA of them.