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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 environmental impact report for parking changes. Councilmember Jackie Goldberg, the district member, said the project will include Nosotros Theatre and does not use general‑fund dollars; the clerk recorded the vote as 11 ayes and the item was approved forthwith.
Item 14, a changed mixed‑use program at Sunset and Vine, includes a $3.3 million CRA gap loan that the CRA expects to be repaid from site‑specific tax increment. Some nearby theater operators and businesses voiced concern about introducing residential units into an active entertainment/commercial district and the potential for future complaints from residents about noise and operations. Councilmember Goldberg said she consulted examples of mixed‑use districts (Third Street Promenade in Santa Monica) and expected the project would attract residents who want that urban lifestyle and would not generate the kind of turnover that causes operational conflicts.
Council discussion noted that the CRA loan is structured as a repayable loan tied to tax increment; Goldberg said if the loan is not repaid the developer would be responsible rather than the general taxpayer. The council approved item 14; the clerk recorded 10 ayes.
What this means: The council advanced redevelopment goals in Hollywood, approving a theater‑related project and a larger mixed‑use development that combines housing and retail with CRA financing. Officials said protections are in place to address parking and repayment of CRA funds and that future monitoring will track operational impacts.
