I think not (not a coincidence). Just as they wiped out the middle class, they are now trying to wipe out the lower rich class. In both cases they also seek their prime real estate. Another smart city locale? I also think this will move Hollywood and expedite the move of many businesses.
They most assuredly will not turn it into housing for the poor. It seems as if this is all a prelude to something else. What is next? Manhattan?
SF. Though the destruction there is rspid thru crime, grime and slime.