Local News in Brief : Panel OKs $3 Million Toward Burbank Park
The state Senate Budget Committee on Thursday approved a bill that would give the City Of Burbank $3 million in state funds to help it purchase about 240 acres of hillside property that the city wants to use for a park.
The bill, co-authored by Assemblyman Burt Margolin (D-Los Angeles), Assemblywoman Marian W. La Follette (R-Northridge) and Senate President Pro Tem David A. Roberti (D-Los Angeles), calls for Burbank to pay half the cost of buying the privately owned property in the Verdugo Mountains. The state will pay the rest from tidelands oil revenue.
The bill, approved 7 to 0 by the committee, is expected to be voted on by the full Senate next week.
An independent appraiser hired by the city had said the land is worth $6 million. But developer Sherman Whitmore, who owns most of the land, said his appraiser put the value at nearly $38 million.
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