Torrance Approves Assessment District
The City Council has approved an assessment district for the financing of public improvements of the Torrance Business Park on the former Union Carbide site.
The developer, W & B Commercial Properties Inc. of Santa Monica, will be reimbursed by the city for about $6 million in street lighting, traffic signals, curbs, gutters, sewers and storm drains. The city will get the money from assessments levied against buyers in the industrial-business park. The first phase of the project is scheduled to open in October.