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Bringing Back Broadway just got approval for $40 Million Dollars. You can read more about the project below:

Los Angeles City Council member José Huizar, with support from Mayor Antonio Villaraigosa and property owners of the largest historic theater district west of the Mississippi, have a vision for Bringing Back Broadway.

Bringing Back Broadway is a public-private partnership initiative to revitalize the historic Broadway district between 3rd and 9th streets.

Bringing Back Broadway will create a plan for a vibrant Broadway district that provides entertainment, eclectic cultural amenities and diverse retail options for Downtown residents and visitors to one of Los Angeles' most remarkable historic areas, while serving as a central focus for revived downtown streetcar transportation.

Right now, Broadway bustles with Latino shoppers and many others during the day, but very few of the theaters offer entertainment programming. The upper floors of Broadway's buildings are under-utilized, and the boulevard does not serve the needs of the downtown community especially at night.

As a link between the past and the future, the revitalized historic Broadway corridor will ensure that the vibrant, cultural character of Broadway remains, while helping Broadway provide something for everyone, day and night by complementing and connecting new large-scale downtown development projects, such as L.A. Live and Grand Avenue, as well as galleries, restaurants, and cultural activities on Spring Street and throughout Downtown.

More info on the site