Torrance Approves Assessment District
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TORRANCE — 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.
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