South Bay : Inglewood to Get $10 Million Loan
City officials in Inglewood are rejoicing at news that they will receive $10 million in loan guarantees to revitalize parts of the city.
The city plans to use the bulk of the funds to spruce up Market Street, the dilapidated mainstay of its once-vital downtown area. The remaining money would go toward improving the Imperial-Prairie corridor, the major portal to the city’s biggest venues--Hollywood Park and the Forum. The federal money must be paid back over 20 years.
“These revenues are . . . a critical component of our efforts to revitalize the entire community,” said redevelopment Director Jesse Lewis. “We feel very good about having the opportunity to bring about these changes.”
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