Tiger Woods cops to transgressions, water main break eats a Lexus, Sam Zell gives up one title and La Opinión goes hyperlocal — plus much more after the jump.

• Tiger Woods admits on his website that "I have let my family down and I regret those transgressions with all of my heart."
• An eight-inch water main ruptured Wednesday morning near Echo Park, causing street flooding that eroded a hole in the street up to 20 feet wide and partially submerged a parked Lexus. DN wires
• A tax return by Green Dot Public Schools shows that founder Steve Barr repaid the organization more than $50,000 after an internal review determined that expenses he had charged were undocumented or unjustified. LAT
• ImpreMedia announced plans to introduce hyperlocal coverage at La Opinión via a Community E-Journalism Media Lab to be set up in the newsroom and partnerships with community blogs. Via release
• Metrolink has experienced four reported red light violations since last year's deadly crash in Chatsworth. LAT
• County public health officials said Tuesday that the H1N1 flu has probably peaked locally, but they urged vaccinations to head off a third wave of flu outbreaks. LAT, DN
• The Board of Supervisors unanimously approved an agreement to partner with UC to reopen Martin Luther King Jr. Hospital in Willowbrook by 2013. LAT
• The Supervisors also asked county staff for a report on possibly reopening the Hall of Justice, the former home of the Sheriff's Department that has been closed since the 1994 Northridge earthquake. LAT
• Tribune was given until Feb. 28 to complete its bankruptcy reorganization, and Sam Zell stepped down as CEO but remains chairman. Chi Tribune
• Actress Meredith Baxter announced she is a lesbian in an interview with The Advocate.
• The Los Angeles Conservancy is going to bat for saving the former Columbia Savings and Loan building, circa 1965, at Wilshire and La Brea. LAT
• The DWP's annual Holiday Light Festival in Griffith Park begins Thursday night with a bike preview, goes vehicle free Dec. 4-17, then opens to cars on Dec. 18. Info
• Catchy headline: Chunk of San Pedro Cliff Falls into Ocean. Daily Breeze
• California Adventure, the long-struggling 55-acre theme park that sits in the shadow of Disneyland, is one of the rare disappointments in the Walt Disney Co.'s long and mostly successful history. Orange Coast
• "Off-Ramp" host John Rabe posted interviews and photos from the opening party for Taschen's book, "Los Angeles: Portrait of a City." KPCC
• Eric Richardson, creator of Blogdowntown, is profiled by Neon Tommy.
• Seven months after winning a Pulitzer Prize, the Las Vegas Sun announced a major restructuring of its newsroom and about 20 layoffs. Las Vegas Review-Journal
• Elvis Mitchell hosts writer/producer/director Werner Herzog on "The Treatment" at 2:30 p.m. on KCRW.