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Council approves two Hollywood redevelopment items, including mixed‑use project with loan from CRA
Summary
The council approved changes to two Hollywood redevelopment projects: item 13 (support for the Ricardo Montalban/Nosotros-related project) and item 14 (Sunset/Vine mixed‑use project including housing and a CRA gap loan). Both items passed with recorded votes; some opposition and concerns over parking and use of CRA funds were raised.
The Los Angeles City Council approved two separate Hollywood redevelopment items, including a mixed‑use housing and retail project at Sunset and Vine that will receive a site‑specific gap loan from the Community Redevelopment Agency (CRA).
On item 13, Council approved a project supported by the Ricardo Montalbán/Nosotros Foundation. Joseph Avila, general counsel for the Ricardo Montalbán Foundation, urged approval; a nearby business owner raised concerns about parking impacts and the need for an…
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