Agency OKs Bunker Hill development
The Community Redevelopment Agency’s board of commissioners voted Thursday to give approval to the $2-billion plan to build housing, a hotel and retail spaces on city and county land on an area of Bunker Hill near Walt Disney Concert Hall.
Before the 4-0 vote, with two commissioners absent, more than a dozen public speakers praised the project as a boon to efforts to revitalize downtown Los Angeles. As part of their vote, the commissioners approved spending $24.4 million in city money to fund street improvements and affordable housing in the development’s first phase.
Before the project can break ground, expected in October, the deal also must be approved by the Los Angeles City Council and the county Board of Supervisors. Votes by those panels are scheduled for Feb. 13. A city report on the tax rebates for the hotel and parking parts of the project is expected today.
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