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Westlake Theatre and More: What CRA Projects Could Be Affected

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[Improvements to Westlake Theatre may not be happening. Image Via You-Are-Here]

The Community Redevelopment Agency of Los Angeles is saying the state's proposed budget would force them to give $72 million in redevelopment funds to Sacramento, which would cost LA $360 million in private investment and mean a loss of 2,300 jobs. Here are the CRA/LA's estimated region-by-region numbers and some of the projects they think could be affected. By no means is this an official list and it would be up to the City Council to ultimately decide which developments to prioritize. CRA/LA CEO Cecilia V. Estolano reminds us that the CRA sued when the state tried to take $350 million worth of funds last year (the CRA won and the state is appealing). With this latest round of budget cuts, "we are likely to sue again," says Estolano. Meanwhile, Governor Schwarzenegger is now threatening everyone with a hunting knife.
Downtown Region
Anticipated amount lost in region: $10.6 million
Estimated loss of private investment: $53 million
Estimated loss of construction jobs: 229

Examples of affected projects:
Chinatown public improvements
Chinatown commercial incentive
City center commercial incentive program
City industrial neighborhood park
Clean tech business incentive program
Little Tokyo business incentive program
Art Park public improvements
6800 Avalon Industrial Expansion Project
Auto Row improvements

Eastside Region
Anticipated amount lost in region: $15.8 million
Estimated loss of private investment: $79 million
Estimated loss of construction jobs: 341

Examples of affected projects:
Cesar E. Chavez Avenue Streetscape and public improvement
Monterey Hills landscaping and public improvement

East Valley Region
Anticipated amount lost in region: $18.1 million
Estimated loss of private investment: $90.5 million
Estimated loss of construction jobs: 391

Examples of affected projects:
Panorama Tower
Sylmar Streetscape Project
Public improvements
Pacoima street improvements
NoHo facade improvements
NoHo Arts District
MTA mixed-use project
NoHo business improvement
Sylmar pedestrian bridge

Hollywood and Central Region
Anticipated amount lost in region: $16.4 million
Estimated loss of private investment: $82 million
Estimated loss of construction jobs: 354

Examples of affected projects:
Wilshire and Vermont transit-oriented development (refers to development across the street)
YMCA
Hollywood and Western mixed-use/affordable housing project
Orchard Gables Cottage historic site
Academy of Motion Pictures Museum
Public improvements to Hollywood Walk of Fame
Thai Community Development Center Marketplace/Small Business Incubator
Hollywood Central Park
District Square
Westlake Theatre mixed-use project
Burlington Terrace Apartments
Pico Union 1 & 2 residential facade program
Pico Union 1 & 2 commercial facade and signage improvements program

South Los Angeles Region
Anticipated amount lost in region: $1.6 million
Estimated loss of private investment: $8 million
Estimated loss of construction jobs: 35

Examples of affected projects:
Stovall Villas
Mercy Housing
Normandie 5 Streetscape improvements
Martin Luther King Jr. Shopping Center in Watts renovation
Crenshaw/Baldwin Hills Mall renovation

West Valley Region
Anticipated amount lost in region: $12.2 million
Estimated loss of private investment: $61 million
Estimated loss of construction jobs: 264

Examples of affected projects:
Reseda Regional Shopping Center
LA River commercial/affordable housing mixed-use project
West Valley YMCA pool and facility improvements
Supportive housing for developmentally disabled adults
185 affordable housing units in Reseda
40 units of school workforce housing
First time homebuyers program
· W Hotel Serves As Hollywood Backlot for Budget Bashing [Curbed LA]
· State Lawmakers Would Like Our Redevelopment Funds, Please [Curbed LA]