Demoltion of Marlton Square Begins Tomorrow - Will Update Soon!

This is the press release from Bernard Parks' office:

 

PARKS TO KICK-OFF DEMOLITION AT MARLTON SQUARE

City’s Most Long-Awaited Development Project Moves Forward


WHAT: Councilmember Bernard C. Parks will join Congresswoman Maxine Waters and city
officials to kick-off the demolition of city-owned buildings in the Marlton Square shopping
center (formerly Santa Barbara Plaza) at a press conference on Thursday morning.
Redevelopment of the run-down shopping center was first proposed by Mayor Tom
Bradley in 1984, but has been plagued by numerous problems – most recently the 2004
default of the previous developer – Capitol Vision Equities (CVE) – and the bankruptcy of
the CVE’s lender, USA Capital, in 2006.


Unable to move forward with a new developer while the majority of parcels were stuck in
limbo during bankruptcy litigation, Parks spent the past five years expending significant
time, effort and political capital securing funding for the Community Redevelopment
Agency of Los Angeles (CRA/LA) to purchase nearly all of the remaining properties,
ensuring the City would be in the strongest possible negotiating position, once the
bankruptcy was resolved. A settlement agreement was reached on December 29th,
2010.


In recent months, the CRA has been approached by numerous interested developers,
and the demolition of the derelict buildings will be the first step toward moving forward
with a new developer and new plan for the 20-acre site.


WHEN: Thursday, August 4 — 10 AM


WHO: Councilmember Bernard C. Parks
Congresswoman Maxine Waters
Christine Essel – CEO, Community Redevelopment Agency of Los Angeles (CRALA)
Kenneth Fearn – Chair, Board of Commissioners, CRALA
Douglas Guthrie – General Manager, Los Angeles Housing Department
Richard Benbow – General Manager, Community Development Department
Joyce Perkins – Chair, Crenshaw Community Advisory Council
WHERE: 3772 W Martin Luther King Jr Blvd
Los Angeles, CA 90008 - Enter Parking Lot on Marlton Ave


***ACTUAL DEMOLITION PLANNED AT EVENT

Views: 341

Comment

You need to be a member of Leimert Park Beat to add comments!

Join Leimert Park Beat

Comment by Crystal on August 4, 2011 at 8:52am
That was my sentiments as well
Comment by enhager on August 3, 2011 at 9:52pm
I'll believe it when I see it is the way I feel as well
Comment by Nina Schneider on August 3, 2011 at 9:22pm
finally! but if it actually happens, I'll be amazed

Leimert Park Beat is the news and social network for Leimert Park and the surrounding neighborhoods. Stay informed. Join now!

 

• Got news you think everyone should know? Blog it.

• Have a show or attending a benefit? Put it on the calendar.
• Video of the big game? Embed it.
• Photos of your business or the school play? Upload them.

WHAT STORIES WOULD YOU SUGGEST? Let me know.

With your help, LeimertParkBeat.com raised money to hire reporters, graphic artists and community members to cover our area.
Read the stories - Urban Economy 411, Redevelopment Hell and One of these don't belong.

Latest Activity

Music Center posted an event
Thumbnail

GRAND PARK’S NYELA at Grand Park

December 31, 2022 at 8pm to January 1, 2023 at 12:30am
WHAT: GRAND PARK’S NYELA WHEN: Saturday, December 31, 2022 8:00 p.m.-12:30 a.m. WHERE: Grand Park, 200 N. Grand Ave., Los Angeles 90012 MORE INFO: grandparkla.org Grand Park’s NYELA returns live and in-person for the first time in three years for…See More
yesterday
DojO- posted a blog post

"Comp" CNN TV: Schedule / Wkdaze - Mon. Dec. 5th ~ Fri. 9th, 2022 PT; NEWs + Election Night in America Continued *updatez*

CNN Newsroom Live (CNNI)[Mornin']  M, W, Th & F - 1am, 6am & 7am [Af'tanoon]  10am~12pm PT[Mornin']  Tu - 1am, 6am & 7am [Af'tanoon]  10am~12pm [Overnite]  9pm~11pm PTThe latest…See More
Sunday
DojO- posted a photo

MIA DOI TODD Sponsored by The Guess Foundation: The World STAGE "Live Audience 'Concert Series' Livestream" Fri Dec 2nd, 2022 8PM PT *updatez* [Archived]

[In-Person Audience (ltd. seatin') or Livestream/Archives] w/ Artist Support Fee - donation based).The World Stage: Website / EVENTS CALENDAR -…
Friday
DojO- posted a blog post
Dec 1
DojO- updated an event
Thumbnail

Wuz Happenin' @ The 'new' World STAGE Nov/Dec 2022 - Livestream 'n Archives / Workshops 'n' Jamz Я Back *updatez* at The 'new' World STAGE (online events 'n in-house)

November 26, 2022 at 11:30am to December 2, 2022 at 11pm
Fri. nite wkly Concert Series +:Live In-House &/or Livestream online (free - donation-based) 8PM PT Recorded live-streams Archived To: view+ Special events - (not Concert Series) ~..Nov.:…See More
Nov 30
DojO- posted a blog post
Nov 26
DojO- posted a blog post
Nov 25
DojO- posted blog posts
Nov 23

© 2022   Created by enhager.   Powered by

Badges  |  Report an Issue  |  Terms of Service