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  #15901  
Old Posted Yesterday, 3:59 PM
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How much demo work needs to be done for Mitsui?
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  #15902  
Old Posted Yesterday, 8:20 PM
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Despite its name, South Park is park-poor. That could change


The parking lot at 11th Street and Grand Avenue. (Allen J. Schaben / Los Angeles Times)


Thomas Curwen
Los Angeles Times
November 1, 2024

In downtown Los Angeles, parking lots are often placeholders, eventually giving rise to future development, but in the district known as South Park, one parking lot might just stay low.

Surrounded by residential towers, this ordinary patch of asphalt at 11th Street and South Grand Avenue, smaller than an ice-skating rink, may soon become a public park. Where cars sit idle beneath the open sky, trees might one day arch overhead and couples linger
in a waning twilight. “New urban parks are incredibly rare because of the market dynamics of acquiring land in downtown,” said Nolan Marshall, executive director of the South Park Business Improvement District. “This is huge for us.”

Since coming to South Park in 2022, Marshall has been scouting locations and pushing hard for a park. An executive director who knows the talking points, he speaks less of its bucolic allure than its economic benefit. A park can be “a catalyst for development in an area,”
he said. “If you’re a land owner who owns multiple sites — with an ability to develop on multiple sites — having one go to public space will only increase the value of the others.” Owned by the entertainment giant AEG, the 0.31-acre property — assessed in 2023 for $10.3
million — was to become a hotel, but a plan never materialized. Today a private lot for AEG, it is open to the public only when events at nearby Crypto.com Arena or L.A. Live spike the need.
. . . .
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  #15903  
Old Posted Yesterday, 8:29 PM
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Also of note in the article above:

Marshall said the business improvement district is willing to maintain and operate the park.

“The city is only being asked to purchase the parking lot,” he said.
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