This Friday the City Council will tackle the controversial 6230 Yucca project set to occupy the lot adjacent to the Capitol Records Building, at the corner of Argyle and Yucca. Today, the Capitol Studios people issue a press release with dire warnings of what a future world with 6230 Yucca approved might look like.
"If the City Council votes to approve Second Street Ventures' proposal, we may be forced to shut down the Capitol Studios operations entirely and permanently, resulting in the loss of potentially hundreds of jobs and wages and an estimated $14.2 million in annual revenues that the Studios generate for the Hollywood economy directly and indirectly from film, television and music businesses." [image via Curbed flickr pool member James Herman]
Statement From EMI regarding Los Angeles City Council’s Vote On Second Street Ventures’ proposed Development –
NOTE: Vote will occur on Friday July 11, 2008 at 10 am at Los Angeles City Hall
“EMI is resolutely committed to the preservation of its historic Capitol Studios, a facility that is in demand by the global entertainment industry for its unique recording qualities, its irreplaceable, subterranean echo chambers (designed by Les Paul), state-of-the-art operations and size. However, proposed plans to build a condo development and an underground parking garage by Second Street Ventures, if approved by the Los Angeles City Council at a hearing on July 11th, will significantly and negatively impact the operation of this recording studio.
We thank Councilmember Eric Garcetti and his office, who have done much to facilitate and guide negotiations with the developer. We support Councilmember Garcetti's efforts to revitalize the Hollywood area through continued development. However, this poorly-designed project will have an adverse impact on acoustic integrity of the Studios. We look to Councilmember Garcetti's leadership for working to prevent this project in its current design and to help ensure that the iconic Capitol Studios can continue to contribute jobs and revenues to the Los Angeles community.
The specific solutions that Second Street Ventures is proposing to mitigate the disruption to the Studios operations during construction, and on an ongoing basis, fall short of being sufficient. Their proposals are not legally binding and do not come close to covering the risk and financial losses our business will face. They fail to address very reasonable concerns we have about how the project's underground parking garage will damage the sound quality of the Studios' subterranean echo chambers (our concerns have been validated by environmental impact reports).
If the City Council votes to approve Second Street Ventures' proposal, we may be forced to shut down the Capitol Studios operations entirely and permanently, resulting in the loss of potentially hundreds of jobs and wages and an estimated $14.2 million in annual revenues that the Studios generate for the Hollywood economy directly and indirectly from film, television and music businesses. We urge the City Council to reject this proposal."
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