This is great. An additional $30 million added to the Civic Park budget will allow for the extra features in the enhanced model. And with even more funds, the County buildings will give way to more green park.
Grand Avenue Park Likely to Secure $30 Million
News Brief
Developer Related Cos. announced last week that it will likely receive $30 million in state funds for the proposed Civic Park, part of the developer's $3 billion Grand Avenue project. The 16-acre park, slated for county-owned land, will stretch from the Music Center on Grand Avenue to City Hall. It is part of the first phase of the Frank Gehry-designed project officially dubbed The Grand. Scheduled to break ground next spring and wrap in 2011, the park was originally budgeted for the $50 million already paid to the county by Related. The additional money, said Related of California President Bill Witte, is expected to be approved by a state committee this week and will allow the developer to incorporate enhanced features - such as an open-air event pavilion or a pedestrian bridge over Broadway - into the initial designs. "We got feedback from the state that we are going to get this $30 million," Witte said last week.
The developer and county officials have said they will continue to seek funds for extra amenities after the park breaks ground. Although the real estate crisis has caused Related to delay the groundbreaking on the main first phase elements of The Grand - which include two high-rises and a retail component - Witte said the park will proceed.