Councilman Bernard Parks at the University Gateway, one of the developments in his district
Parks Brings Over $5 Billion In New Development to the Eighth District
LOS ANGELES – Over $5 billion of new development in the Eighth District has been completed, is under construction, or in the planning phase during the first two terms of Councilmember Bernard C. Parks, according to a report released by his office on Monday.
“I think a lot of people will be surprised – not just by the dollar amount – but by the variety of projects that have been completed, or are on the way,” said Parks. “The mainstream media focus so much on crime and violence that people don’t really hear about all the positive things that have been happening in the community over the past decade.”
$2.4 billion in transportation projects make up a large percentage of the total, with $1 billion going to the soon to be completed Expo Light Rail Line, and $1.4 billion allocated for the planned Crenshaw Line.
Housing development totals $118 million, with a mixture of senior, affordable, student and market-rate projects.
Mixed-use (combined commercial and residential) development totals $1.8 billion. The $150 million University Gateway project on Figueroa and Jefferson opened in July, and the massive $1.5 billion University Village project, in the planning phase, will be the largest single development project in the history of the Eighth district.
Commercial development totals $527 million, and includes two new sit-down restaurants, a Fresh & Easy Neighborhood Market, and renovations and upgrades to Baldwin Hills Crenshaw Plaza and the Magic Theaters.
Neighborhood and street beautification projects total $48.5 million, with $14,000,000 for Crenshaw Blvd streetscape improvements and $30 million for Figueroa Corridor improvements.
Civic and cultural projects total $169 million, and include renovations and upgrades to every park facility and recreation center, the construction of a new animal shelter, two new libraries and restoration of the historic Vision Theatre into a state-of-the-art performing arts center.