City of LA Closes Escrow on “Crown Jewel” of LA River Restoration
March 9, 2017
The city of Los Angeles has officially acquired the “crown jewel” of Major Eric Garcetti’s vision to revitalize the LA River.
The parcel of land, known as G2, runs alongside the LA River in Cypress Park. It is a key part of the “Alternative 20” plan to extensively redevelop and revitalize the LA River ecosystem stretching 11 miles Griffith Park to Downtown. The parcel cost the city $59.3 million, an amount approved unanimously by the city council in January.
Garcetti has said, “We’ve always considered G2 to be the crown jewel in our vision to revitalize the L.A. River… We got it done, and now this vast site can transform how Angelenos connect with the natural world.” The Alternative 20 plan was the most ambitious of 3 different plans considered by the Army Corps of Engineers, and was eventually approved, with the overall cost to be split with the city.
Read more: CurbedLA. Rendering image courtesy of Mayor Eric Garcetti.