Los Angeles council discusses support for small businesses in historic Olvera Street

The Los Angeles City Council held a budget hearing on May 5, 2025, focusing on the future of Olvera Street and its surrounding businesses. Key discussions centered on the challenges faced by local vendors and restaurants, particularly in light of reduced tourism and rising rental costs.

Council members expressed concern over the impact of current economic conditions on street vendors, who have seen a significant decline in foot traffic since the pandemic. The council noted that visitor numbers are still only half of pre-pandemic levels, which has strained local businesses. Efforts are underway to support these vendors through resources and consultations aimed at enhancing their business models.

A proposal was made to explore alternative operational models for Olvera Street, potentially consolidating its management under the Department of Recreation and Parks or establishing a nonprofit organization to oversee its operations. This initiative aims to modernize the historic site while preserving its cultural significance.

The council also discussed the need for improvements in infrastructure, including parking facilities and safety measures, to better accommodate visitors and vendors alike. There is a recognition that while events can generate revenue, they must be balanced with the needs of local businesses to avoid further detriment.

In conclusion, the council's discussions highlighted a commitment to revitalizing Olvera Street through strategic planning and community engagement, ensuring that it remains a vibrant part of Los Angeles while addressing the pressing needs of its vendors and businesses. Further studies and proposals are expected to be developed in the coming weeks to address these challenges.