The state of California plans to give $25 million to help buy the Taylor Yard property on the Los Angeles River in Cypress Park, the Los Angeles Times reports. It is the largest remaining piece of undeveloped riverfront land and has been referred to as a “crown jewel” by Los Angeles Mayor Eric Garcetti. City officials are working with the federal government to share the $1.4 billion cost for restoring 11 miles of the river.
11150 Santa Monica Boulevard, Suite 350
Los Angeles, CA 90025
323-549-5225
© Los Angeles Business Journal