CRA Funds

What’s all this talk about using a $1.5-megabuck loan to the Stock Exchange nightclub for more worthwhile “social purposes” like housing and feeding the homeless ($1.5-Million CRA Loan to Nightclub Stirs Up a Ruckus,” Metro, Aug. 27)? Why, who’s more important, the trendy Hollywood groupies and the Prince and Princess of York or a bunch of social derelicts, misfits and outcasts?

Better to use the funds on an enterprise that has a chance of making a (dare I say the word?) profit than in some other less noble venture. Perhaps if the Community Redevelopment Agency were to invest more in profit-making activities than in throwing money away on the Los Angeles Theater Center (which will never become self-sustaining) we’d all be better off.

BILL BELL

Los Angeles