REGION : Signal Hill Joins Study of Racetrack Project
The Signal Hill City Council and Redevelopment Agency this week agreed to team up with Long Beach in reviewing plans for a 200-acre racetrack and research center overlapping the two cities’ borders.
The Long Beach City Council and Redevelopment Agency took similar action last month.
The pact was intended to simplify negotiations between the cities and project developer Christopher Pook, promoter of the Long Beach Grand Prix. Both cities will still have to approve the project separately.
The creation of the partnership clears the way for the cities to start buying up property in the corridor, generally bounded by the San Diego (405) Freeway, Atlantic Avenue, Willow Street and Orange Avenue, said Signal Hill City Manager Douglas N. La Belle.
The so-called Spring Street Corridor Joint Powers Authority will be run by a 10-member board consisting of all five Signal Hill council members, who also serve as Redevelopment Agency board members; four of the nine Long Beach council members, and the chairman of the Long Beach Redevelopment Agency.
Long Beach City Manager James C. Hankla will serve as its executive director for two years, and La Belle will head it the following two years.
Either city can pull out by giving 90 days notice.
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