Downtown Los Angeles is the central business district of Los Angeles, as well as a diverse residential neighborhood of some 50,000 people. A 2013 study found that the district is home to over 500,000 jobs. A heritage of the city's founding in 1781, Downtown Los Angeles today is composed of different areas ranging from a fashion district to skid row, and it is the hub of the city's Metro rapid transit system.
Banks, department stores and movie palaces at some point in time drew residents and visitors into the area, but the district declined economically and suffered a downturn for decades until its recent renaissance began in the early 2000s. Old buildings are being converted for new uses, and skyscrapers have been built. Downtown Los Angeles is known for its government buildings, parks, theaters and may other public places.
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